No way they can stop this. If there is a market out there to bet and make money then the government officials are going to take advantage of it.
And it seems like based on what the President is doing there are no recourse at all and it's free reign to do whatever people want.
That doesn't mean it is fair value @TonyTigre. If they are so sure why won't they fully lift the currency controls for companies?
JP Morgan basically said the government's fantasy of 10% annual inflation isn't happening.
JP Morgan's recommendations for Argentina to reduce annual inflation...
80% Argentines? Wow. I thought it was supposed to be potential American investors. Just everything I am reading is it didn't go well. He started off railing on the richest guy in Argentina and someone that has a lot of investments. Probably not the way you want to go with American investors...
Why does he do this? He even did it at the "Argentina Week" investor talk on Wall Street. Why the hell would companies invest when you blast the richest guy in Argentina. Just seems like terrible place to do that sort of theatre. It seems like the guy has no judgement. I like a lot of his...
📞Pía Novelli: I wanna make some cash
📲Mauricio Novelli: I'll team up with the one who brought Milei together with Elon Musk
📞Pía Novelli: we gotta make some cash, dude
Novelli's sister, Pia. The one who emptied the safety deposit box (which they have on camera) three days after the Libra...
That sounds like what is going on and too late.
I don't think you have to live there to know the country is dysfunctional. Nothing works too well there. I figured that out on 2 trips to BA.
This drives me crazy. You hit the nail on the head Craig. My friends that were Biden/Harris/Waltz fans voted for them always talked about how Trump was going to end all of these benefits. Funny thing. They don't really pay any taxes and losing FREE benefits. I always laugh and tell them...
I just read the same article. Very telling that one of the Godfather of Bitcoin, Saifedean Ammmous (author of The Bitcoin Standard) calls Milei a fraud. He has been warning about Milei for a while.
Can you sell parking spaces in a building that the owner ism't buying an apartment? If so wouldn't that be sketchy for the owners in the building having people come in and out that don't live there?