Argentina Economy, Election, and possible default?

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Re: Argentina Economy, Election, and possible default?

Post by admin » Mon Sep 28, 2020 2:39 pm

Friend's father worked for hienken in south america.

He made a name for himself in the company, back in I believe the 60s or 70s, because he figured out how to sell hienken beer in to Argentina, durring one of their currency colapses / dollar restrictions bouts. He basically engaged in a complex network of barter and trade of goods, to finally get the funds in to dollars, that were booked as sales in uruguay officially. Little Uruguay looked like every man, women, and child was drinking hienken all day and night.

He later owned a cattle ranch in Argentina, but all the money was made and held in sales through a company in Uruguay.

I don't think Argentina's economy would last long without Uruguay to act as a front to make trade possible.
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Re: Argentina Economy, Election, and possible default?

Post by admin » Mon Sep 28, 2020 3:03 pm

This is fun.

How many different exchange rates are there in Argentina?

https://www.clarin.com/economia/dolar-h ... W.amp.html

Looks like 5 or 6.
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Re: Argentina Economy, Election, and possible default?

Post by admin » Tue Sep 29, 2020 8:48 am

Well there also seems to be money flowing in yo chilean bonds as a safe haven from Argentina. Part seems to be due to a regulation related to mercosur that lets argentinan investors invest in chilean bonds. Not sure i understand that.

https://www.df.cl/noticias/mercados/ren ... 71658.html
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Re: Argentina Economy, Election, and possible default?

Post by tiagoabner » Tue Sep 29, 2020 9:11 am

admin wrote:
Tue Sep 29, 2020 8:48 am
Well there also seems to be money flowing in yo chilean bonds as a safe haven from Argentina. Part seems to be due to a regulation related to mercosur that lets argentinan investors invest in chilean bonds. Not sure i understand that.

https://www.df.cl/noticias/mercados/ren ... 71658.html
Per the article, Argentinean law requires fixed income funds to have at least 75% of Chilean, Argentinean and/or Mercosur bonds. Given that Paraguay is a military dictatorship, Argentina is in shambles, Brazil has Bolsonaro and Uruguay has nothing going on other than cattle and money laundering, Chile seems like a reasonable choice.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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41southchile
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Re: Argentina Economy, Election, and possible default?

Post by 41southchile » Tue Sep 29, 2020 9:18 am

tiagoabner wrote:
Tue Sep 29, 2020 9:11 am
admin wrote:
Tue Sep 29, 2020 8:48 am
Well there also seems to be money flowing in yo chilean bonds as a safe haven from Argentina. Part seems to be due to a regulation related to mercosur that lets argentinan investors invest in chilean bonds. Not sure i understand that.

https://www.df.cl/noticias/mercados/ren ... 71658.html
Per the article, Argentinean law requires fixed income funds to have at least 75% of Chilean, Argentinean and/or Mercosur bonds. Given that Paraguay is a military dictatorship, Argentina is in shambles, Brazil has Bolsonaro and Uruguay has nothing going on other than cattle and money laundering, Chile seems like a reasonable choice.
Lol when you put it like that Chile seems like a sure thing. Nothing like being the skinniest kid at fat camp , go 🇨🇱
“Facts do not cease to exist because they are ignored.”

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Re: Argentina Economy, Election, and possible default?

Post by tiagoabner » Tue Sep 29, 2020 10:15 am

41southchile wrote:
Tue Sep 29, 2020 9:18 am
tiagoabner wrote:
Tue Sep 29, 2020 9:11 am
admin wrote:
Tue Sep 29, 2020 8:48 am
Well there also seems to be money flowing in yo chilean bonds as a safe haven from Argentina. Part seems to be due to a regulation related to mercosur that lets argentinan investors invest in chilean bonds. Not sure i understand that.

https://www.df.cl/noticias/mercados/ren ... 71658.html
Per the article, Argentinean law requires fixed income funds to have at least 75% of Chilean, Argentinean and/or Mercosur bonds. Given that Paraguay is a military dictatorship, Argentina is in shambles, Brazil has Bolsonaro and Uruguay has nothing going on other than cattle and money laundering, Chile seems like a reasonable choice.
Lol when you put it like that Chile seems like a sure thing. Nothing like being the skinniest kid at fat camp , go 🇨🇱
To be fair, even with all the politics bullshit and protests, Chile still is a shining beacon of stability and democracy in south America.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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Re: Argentina Economy, Election, and possible default?

Post by 41southchile » Tue Sep 29, 2020 10:49 am

tiagoabner wrote:
Tue Sep 29, 2020 10:15 am
41southchile wrote:
Tue Sep 29, 2020 9:18 am
tiagoabner wrote:
Tue Sep 29, 2020 9:11 am
admin wrote:
Tue Sep 29, 2020 8:48 am
Well there also seems to be money flowing in yo chilean bonds as a safe haven from Argentina. Part seems to be due to a regulation related to mercosur that lets argentinan investors invest in chilean bonds. Not sure i understand that.

https://www.df.cl/noticias/mercados/ren ... 71658.html
Per the article, Argentinean law requires fixed income funds to have at least 75% of Chilean, Argentinean and/or Mercosur bonds. Given that Paraguay is a military dictatorship, Argentina is in shambles, Brazil has Bolsonaro and Uruguay has nothing going on other than cattle and money laundering, Chile seems like a reasonable choice.
Lol when you put it like that Chile seems like a sure thing. Nothing like being the skinniest kid at fat camp , go 🇨🇱
To be fair, even with all the politics bullshit and protests, Chile still is a shining beacon of stability and democracy in south America.
Exactly, although lot of that shine has dulled recently. Chile, an oasis in a continental desert of corruption and instability , although things went south pretty quickly when Piñera suggested that Chile was an oasis last year.
Chile is in a continent full of countries with a very low bar, when it comes to many measures, maybe thats why they keep trying to compare themselves to Scandinavia or Oceania etc, the competition in Sth America is so far behind and below them. As they say though the bigger they are, the harder they fall.
“Facts do not cease to exist because they are ignored.”

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Re: Argentina Economy, Election, and possible default?

Post by admin » Wed Sep 30, 2020 8:12 pm

You know your economy is screwed, when coca cola is pulling out.

https://www.biobiochile.cl/noticias/eco ... asil.shtml

And if the official poverty number is 40.9% you know it is way worse. Over 56 percent are children.

https://www.batimes.com.ar/news/argenti ... -409.phtml

And if 40.9% of the population is under the poverty line, who is in the middle class?
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Re: Argentina Economy, Election, and possible default?

Post by admin » Tue Oct 06, 2020 9:11 am

So Argentina is so far down the rabbit hole, even Alice is wondering what is coming next in that land.

First, they have hit a 60% positivity rate on tests, over 21,000 deaths, over 800,000 cases. Seems that is the highest positivity rate in the world.

Nearly half the country is living in poverty now.

https://www.nbcnews.com/news/amp/ncna1241704

Meanwhile, government keeps digging a deeper and deeper financial hole. Ineffect, the government is now beyond broke. One thing is owing hundreds of billions of dollars, but another is having nearly zero dollars to pay anything. The government is out of dollar Liquidity at least, and may have gone negative, depending how the bottom is defined.

https://www.batimes.com.ar/news/economy ... rate.phtml

Some anylaysis are saying watch out for when they start selling or borrowing against their gold reserve; which at 30 billion and change is not much for a country that size. Total reserves, including none-liquid, is under 40 billion; much of that is the gold plus a swap facility with the chinese. I have my sneak suspicions, there is no gold or it has already been borrowed against. That was where venezuela passed the point of no return too.

But just to stabilize everything, the government last few weeks restricted almost all dollar purchases. Now, time for the other shoe to drop, devaluation. They announced they are going to stop defending the official peso rate and let it weaken. That is not by choice however. That is not some brilliant economic move. They simply have nothing to defend it with left.
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Re: Argentina Economy, Election, and possible default?

Post by admin » Sun Oct 11, 2020 1:44 pm

this article thinks there are over 7 diffrent exchange rates on Argentina.

https://www.batimes.com.ar/news/economy ... tina.phtml

ome thing is not knowing what the exchange rate is, whole different level when no one knows how many exchange rates there are.
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Re: Argentina Economy, Election, and possible default?

Post by papageno » Mon Oct 12, 2020 11:15 am

admin wrote:
Sun Oct 11, 2020 1:44 pm
this article thinks there are over 7 diffrent exchange rates on Argentina.

https://www.batimes.com.ar/news/economy ... tina.phtml

ome thing is not knowing what the exchange rate is, whole different level when no one knows how many exchange rates there are.
I clicked on the link and got an error message :500, server error. Same thing happened when I tried accessing their site directly. It worked okay 2-3 days ago. Any ideas?

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Re: Argentina Economy, Election, and possible default?

Post by admin » Mon Oct 12, 2020 11:19 am

papageno wrote:
Mon Oct 12, 2020 11:15 am
admin wrote:
Sun Oct 11, 2020 1:44 pm
this article thinks there are over 7 diffrent exchange rates on Argentina.

https://www.batimes.com.ar/news/economy ... tina.phtml

ome thing is not knowing what the exchange rate is, whole different level when no one knows how many exchange rates there are.
I clicked on the link and got an error message :500, server error. Same thing happened when I tried accessing their site directly. It worked okay 2-3 days ago. Any ideas?
it has been up and down the last day or two.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
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From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

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