This is not a drill. America better build that wall, for all of S. America is on the brink of destruction.
On Friday, the bank hiked rates to 40% from 33.25%, a day after they were raised from 30.25%. A week ago, they were raised from 27.25%.
The rises are aimed at supporting the peso, which has lost a quarter of its value over the past year.
Analysts say the crisis is escalating and looks set to continue.
Argentina is in the middle of a pro-market economic reform programme under President Mauricio Macri, who is seeking to reverse years of protectionism and high government spending under his predecessor, Cristina Fernandez de Kirchner.
Inflation, a perennial problem in Argentina, was at 25% in 2017, the highest rate in Latin America except for Venezuela.
This year, the central bank has set an inflation target of 15% and has said it will continue to act to enforce it.
Argentinian pesos are literally toilet paper.
Best way to see the carnage is via two Argentinian banks traded here: BFR and BMA.
Just last year, Argentina issued 100 yr bonds.
The joint lead managers on this doozy was the usual suspects: BofA Merrill Lynch, Erste Group, Goldman Sachs International , NatWest Markets, and Société Générale CIB.
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That’s what they get for electing a commie Cristina Fernández de Kirchner bitch!
Anyone have some Derby analysis
http://www.vegasinsider.com/horse-racing/story.cfm/story/1921051
Anthony Stabile nailed the Belmont last year with Tapwrit. He doesn’t seem to have a clear choice in the Derby tomorrow.
Oh I am sure things are fine. Nothing to see here, move along.
Does this mean an Argentinian steak gets more expensive or cheaper? Can’t think of anything else I want from there. They have some cool hats though.
Haven’t heard from good ole Jerome in a while
Fly, upon doneness, throw a little dollop of grassfed unsalted butter on those fucking peeled hard boiled eggs and pinch some maldon sea salt flakes over them for pure perfection.
Again? Or was it another country, or another? When I lived in Miami Beach waves of tourists came, based in part on the relative strength of their home country currency vs US Dollar.
I was a young man, and enjoyed the company of women from many countries. Usually invited back to their hotel rooms, which made it really good for me, considering I wasn’t making a lot of money and could not host in my place.
One time I met an older women poolside at a hotel, she was with an elderly husband. She and I went back to their room with his approval. What sticks in my mind is she kept all her jewelry on. Tummy bracelet, wrist, neck, everywhere. It was nice, but I tried to avoid being injured by all the metal and stones.
Does this mean we bail out Argentina, too?
Of course, in some form or fashion. Although, I like how trump is giving the figure out shit for yourselves memo to PR. The reports I got from how lazy a lot of people from pr were after catastrophe was mind blowing.