Milei Mocks 'Depressed Consumption' Amidst Busy Streets

Argentine President Javier Milei has taken to social media to comment on the nation's economic situation, sharing a video of the bustling Avenida Corrientes with a sarcastic caption about "the craziest depressed consumption in human history." The post, made on X, highlighted the apparent contradiction between official economic data and the vibrant street scene.

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The craziest depressed consumption in human history.

Milei's remarks come as recent reports indicate a continued slump in consumer spending. A Scentia consultancy report revealed that sales of basic goods, including food and personal hygiene items, dropped by 3.8% in April compared to the previous year. While this represents a slight slowdown from March's 5.1% decline, a sustained recovery remains elusive, with the first four months of the year showing a cumulative decrease of 3.3%.

Other consultancies offer a slightly different perspective. NielsenIQ reported that sales in March and April remained largely flat compared to the same period in 2025. Their data shows food items performing relatively well with a 1% year-on-year increase, while personal care and cleaning products saw a 3.3% decrease.

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Another weekend with everything packed. Full streets, full stadiums, full concerts, full theaters, packed restaurants.

Beyond the numbers, a study by Bain & Company identified shifts in consumer behavior, noting the rise of the "immediate consumer" who prioritizes quick benefits and short-term purchases amid economic volatility. While personal finances remain a primary concern for 59% of those surveyed, a notable paradox emerges: nearly half of the population holds optimistic views about the country's future over the next five years, despite current pessimism.

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While the econo-charlatans and journalists lie. NOLSALP (We don't hate journalists enough). The people know.