Argentina Economy, Election, and possible default?

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at46
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Re: Argentina Economy, Election, and possible default?

Post by at46 » Fri Apr 26, 2019 4:55 pm

admin wrote:
Fri Apr 26, 2019 4:48 pm
snobrd4life wrote:
Fri Apr 26, 2019 4:21 pm
I think he was referring to the IMF loan. Doubt that ver much of that $56b went into the hands of Argie travelors buying TVs in Chile.
That was spent on propping up the Argentina peso, or at least most of it so far.
Then the Argie tourists would still be coming here to spend their propped up pesos. Instead they're coming here as poor immigrants now. And Cristina is the one who raped them? Like I said, something doesn't add up.

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Re: Argentina Economy, Election, and possible default?

Post by tiagoabner » Tue Apr 30, 2019 3:01 am

https://www.t13.cl/amp/noticia/negocios ... -argentina

Latam will suspend their flights to Argentina tomorrow due to the strike. Things are starting to develop in a concerning manner.
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 admin » Mon May 06, 2019 9:03 pm

well, this is quite the accomplishment. 13.4% decline in industrial production in one month.

https://www.reuters.com/article/argenti ... SE6N218004

in the Spanish financial press i am seeing a fast growing list of companies either shutting down or pulling out of argentina.

in the English financial press, i see a growing list of articles written by Argentin pump and dumpe scammers, supported by big investment banks, all talking up what an opportunity this to invest in Argentina and how it is going to pour rainbows and unicorns at any second.
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Re: Argentina Economy, Election, and possible default?

Post by admin » Fri Jun 07, 2019 10:36 am

this could be the stupidest or the best idea ever. brazil and argentina forming a common currency, for mercosur.

https://m.cooperativa.cl/noticias/pais/ ... 81048.html

I am going to put my (real) money on it being the stupidist idea ever, for two countries that have almost never been able to control their national budgets sufficiently for any sustained lenghth of time to maintain a stable currency.

on the other hand, getting the currency out of reach of political stupidity and corruption might be exactly what they need.
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Re: Argentina Economy, Election, and possible default?

Post by dmwbmw2 » Fri Jun 07, 2019 11:50 am

This is a joke, right?

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Re: Argentina Economy, Election, and possible default?

Post by admin » Fri Jun 07, 2019 1:50 pm

I think Mercosur is the real joke.

It is essentially an anti-free trade agreement.

Kill mercosur, fix all those countries trade agreements, the domestic institutions, then in some far off future when we all have flying electric cars, possibly start talking about an integrated currency.
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Re: Argentina Economy, Election, and possible default?

Post by admin » Fri Jun 07, 2019 1:59 pm

ohhh, this get's better.

Brazil central bank denies it, but Bolsonario was supposedly talking about one currency for the whole continent.

https://uk.reuters.com/article/us-brazi ... KKCN1T81II

NO F*n way should Chile even entertain such political and economic suicide. The Euro anyone?

Like Chile is ever going to hand over monetary policy to the likes of Brazil, Argentina, <insert insanely corrupt and broke SA government here>. Is Venezuela included?

Yea, don't think so.

In about 200 years, South America might, might be ready to play around with something like that.

That is even stupider than the Bachelet administration floating the idea of single passport for pacific alliance countries, and that was pretty stupid.

If some crazy Chilean administration made any serious move to try that, I will be the first to cash out of Chile and move somewhere else.
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Re: Argentina Economy, Election, and possible default?

Post by admin » Fri Jun 07, 2019 2:01 pm

These are the same morons that can not get on the same page sufficiently long to sign even simple trade agreements with almost anyone. Think I seen the other day, Mercosur was "close" to a EU-Mercosur free trade agreement. They have been close for 30 years.
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Re: Argentina Economy, Election, and possible default?

Post by AnciaVagar » Fri Jun 07, 2019 5:11 pm

admin wrote:
Fri Jun 07, 2019 1:59 pm
Brazil central bank denies it, but Bolsonario was supposedly talking about one currency for the whole continent.
Think it through from Bolsonaro/Bachelet/whoever elitist's point of view. They are not stupid or insane. More than anything, they want power over your* life. Controlling your economy is the best way to control your life.

Remember what Lenin said about the necessity of entrenched elitism.

*Your = everybody's

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Re: Argentina Economy, Election, and possible default?

Post by admin » Mon Aug 12, 2019 9:26 am

guess who is going to be back in power in Argentina?

well, this seems to have been a big suprised to all the morons on wall street. even up to a few days or hours, articles were being published about how remote the chances were for macri to be defeated.

https://www.bbc.com/news/amp/world-lati ... a-49317750

peso and AR bonds will go for a ride today. talking heads are saying 30% on the AR / dollar. I think 50 to 100% is more than likly.

on a side note, i was really impressed by the number of Argentinians in frutillar this weekend. not sure what that means, if anything. probably just more fun than going to vote.
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Re: Argentina Economy, Election, and possible default?

Post by admin » Mon Aug 12, 2019 9:44 am

https://www.bloomberg.com/amp/news/arti ... es-primary

wall street seems to still insist on putting a brave face on this.
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Re: Argentina Economy, Election, and possible default?

Post by admin » Mon Aug 12, 2019 10:23 am

bloomberg was just showing 55 to the dollar, but xe seems to only be showing 45 right now. not sure what that is all about.
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