However, the interest rate still does not beat inflation, “therefore, saving in a traditional fixed term is losing purchasing power“. But the strategy that does pay off is borrowing: “Taking financing by deducting the income tax rate always shows us a negative rate, therefore, it is business to get into debtDiStefano explained.
On the other hand, regarding the wholesale exchange rate, the specialist indicated that it “continues to fall behind against inflation”, which harms exports and benefits imports. “Buying dollars is always a good deal in the long run”remarked in this sense.
Asked how investors have fared in the past year, Di Stefano recalled that the blue dollar lost against inflation given that “it increased 61.2% in 12 months, versus an inflation of 78.5%”.
Despite this, the economist considered that “the dollar will begin to discount this difference and will soon move forward”. As for the linked dollar, it rose 35% in eight months, against inflation of 78.5%, so there was also a loss in this regard.
Secondly, “the one that placed its surpluses in a fixed term adjusted for inflation [UVA] It’s tying.” While the traditional “continues to run behind inflation, either in nominal or effective rate.”
What is good for companies
“Getting into debt in companies is still highly beneficialbecause productive investment rates are below projected inflation and, net of income tax payments, are very low,” Di Stefano added.
According to the economist, this strategy serves as “tax shield against very high tax pressure”. This is how he justified it: “Although today the balance sheets are adjusted for inflation, the benefit of taking on debt and buying assets that can be amortized continues to be favorable to companies. You have to choose the right moment to add these assets to the balance sheet.
“Another way is to withdraw liquidity from companies, pay 7% income tax for said withdrawal and place the liquidity in the head of a human person to buy dollars that will not be the taxable base for the payment of income tax, because it is savings in the human person’s head,” the economist also proposed.
Thus, to conclude, Di Stefano assured that “all roads lead to the dollar” given that “the interest rate does not show possibilities of equaling the rate of inflation”. For this reason, he believes that the blue dollar will soon begin to rise above inflation.