trump bait and switch

[jbeas176]

looks like trump and besset pulled the bait and switch

 

[jbeas176]

besset told the financial market the he and trump did their part now its their turn. no money has been transferred. go figure

 

[Piranha]

looks like trump and besset pulled the bait and switch

To be fair do you really believe that locals cared what Trump said? I seriously doubt any local was affected by Trump. When it came down to it there was no other choice for most people that supported him before. Voter turn out was very low. We are talking covid type levels. People thought that would hurt Milei but it went the other way around.

All the negative chatter about Milei doing poor before might have kept many Peronistas at home thinking their vote was not needed.

 

[CraigM]

looks like trump and besset pulled the bait and switch

I don't think it was a bait and switch. The US committed swap lines in case they were needed, they didn't say $20 billion was coming in the mail tomorrow. The election went their way so at least for now the US can move on. Which is good because frankly there are far more important issues to deal with at home, like a government shutdown that is historic in length.

 

[enbits]

I don't think it was a bait and switch. The US committed swap lines in case they were needed, they didn't say $20 billion was coming in the mail tomorrow. The election went their way so at least for now the US can move on. Which is good because frankly there are far more important issues to deal with at home, like a government shutdown that is historic in length.

That's exactly what the swap is about.

 

[Piranha]

I don't think it was a bait and switch. The US committed swap lines in case they were needed, they didn't say $20 billion was coming in the mail tomorrow. The election went their way so at least for now the US can move on. Which is good because frankly there are far more important issues to deal with at home, like a government shutdown that is historic in length.

Shutdown should be top priority. This goes on for much longer and there will probably be violent protests. Sad to see some important programs like SNAP not getting to needed families. And air traffic controller situation will be a mess if this goes on much longer.

 

[RN in BA]

I don't think it was a bait and switch. The US committed swap lines in case they were needed, they didn't say $20 billion was coming in the mail tomorrow. The election went their way so at least for now the US can move on. Which is good because frankly there are far more important issues to deal with at home, like a government shutdown that is historic in length.

The US has an emergency reserve fund for SNAP recipients. I wonder if they will tap that like they did for Argentina. 🤣

 

[jbeas176]

thanks to all who contributed. i get most of my info from buenos aires times and hearld. today BBC had an article saying its a 5 billion commitment for purchasing currency and the other 15 billion is a currency swap. only 2 billion has been spent. steve besset said the US has not lost any money. if you saw a bump in the peso after the 2 billion swap that was an opportunity to sell. the other was to recuperate the money was trrough the 30 percent in the stock market. forget about the other 20 billion. manipulation, you decide

 

[ElQueso]

thanks to all who contributed. i get most of my info from buenos aires times and hearld. today BBC had an article saying its a 5 billion commitment for purchasing currency and the other 15 billion is a currency swap. only 2 billion has been spent. steve besset said the US has not lost any money. if you saw a bump in the peso after the 2 billion swap that was an opportunity to sell. the other was to recuperate the money was trrough the 30 percent in the stock market. forget about the other 20 billion. manipulation, you decide

But tell me what isn't manipulated these days? Seems like there is some kind of manipulation all over. If it's not Trump it's the media. It's all manipulated. Better to just go into things understanding and accepting that fact.

 

[jbeas176]

TACO rides again. trump always chickens out

 

[jbeas176]

elqueso i agree. still looking for something to believe in and respect

 

[Piranha]

TACO rides again. trump always chickens out

Anything can happen. This is Argentina after all. There will be plenty of opportunities to bail out Argentina!

 

[CraigM]

thanks to all who contributed. i get most of my info from buenos aires times and hearld. today BBC had an article saying its a 5 billion commitment for purchasing currency and the other 15 billion is a currency swap. only 2 billion has been spent. steve besset said the US has not lost any money. if you saw a bump in the peso after the 2 billion swap that was an opportunity to sell. the other was to recuperate the money was trrough the 30 percent in the stock market. forget about the other 20 billion. manipulation, you decide

I don't see it that way. The US offered support and it was enough to calm financial markets until the election, that's how it's supposed to work.

Also the US Treasury Secretary is Scott Bessent.

 

[Finance Prof]

I don't see it that way. The US offered support and it was enough to calm financial markets until the election, that's how it's supposed to work.

Also the US Treasury Secretary is Scott Bessent.

This is how I see it. Sometimes money doesn't need to exchange hands. Just the support of the US government is enough to get people to fall in line many times.