Argentina peso in collapse wrt USD:
In #Argentina, the peso has tumbled to a 12-year low of 462 ARS/USD in the parallel market. The pathetic peso has lost 52% of its value against the USD since Jan 2022. Arg. needs to mothball the Central Bank of Argentina and the peso and place them in a museum. pic.twitter.com/uPXm9kIYAI
— Steve Hanke (@steve_hanke) April 25, 2023
Interest rates at 81% … better keep increasing rates and stick with it …. maybe it will work this time… come up with some new witty figures of speech maybe…
ARGENTINA CENTRAL BANK TO RAISE BENCHMARK INTEREST RATE 300 BPS TO 81% - OFFICIAL SOURCE
— *Walter Bloomberg (@DeItaone) April 20, 2023
All Art degree morons in control… ie hopeless situation…
I was gonna say, maybe they should just raise interest rates some more. That oughta work.
ReplyDeleteYes, you have to stick with it Mike…
ReplyDelete#dogma
😜
President: Alberto Fernández
ReplyDeleteThe law school of the University of Buenos Aires
Minister of Economy: Martín Guzmán
Licentiate in Economics and the Master of Science in Economics
The National University of La Plata in Argentina
A doctorate in Economics in Brown University
Head of Central Bank: Miguel Ángel Pesce
Undergraduate degree in Economics in the School of Economic Sciences, University of Buenos Aires
Art degrees? Nope. It's PMC all the way, including two economics indoctrinates.