MercoPress. South Atlantic News Agency
Dollar new record in Argentina: 14.45 Pesos; Capitanich blames 'speculative attacks'
While Argentine Cabinet Chief Jorge Capitanich claimed the country was suffering “speculative attacks“ to systematically erode the ”government’s credibility and trust” the US dollar in the Buenos Aires informal market continued to climb and ended Wednesday trading 25 cents higher at 14.45 Pesos. Read full article
Comments
Disclaimer & comment rulesOf course it is dear, it is always someone elses fault. You defaulted, now get over it.
Aug 28th, 2014 - 06:45 am - Link - Report abuse 015 by the end of September and still they blame everyone else except themselves
Aug 28th, 2014 - 06:45 am - Link - Report abuse 0capitano claimed: ”...that the country was suffering “speculative attacks“ to systematically erode the ”government’s credibility and trust”...
Aug 28th, 2014 - 07:06 am - Link - Report abuse 0As there was never credibility and trust in the ck robberment gang in the last years, it cannot be eroded. It WAS and IS eroded.
Captain Paranoid, hate to tell you this but it's a pair trade by your new best mate Soros. He's shorting the peso to offset his Ypf long.
Aug 28th, 2014 - 07:30 am - Link - Report abuse 0Another perfect visual representation of Argentina's economic policy.
Aug 28th, 2014 - 08:40 am - Link - Report abuse 0https://www.youtube.com/watch?v=SyKb79_KNiw
Every step they take, they end up further down the spiral.
Not long until they hit the bottom now.
Is this guy for real ?what and idiot, Argentina and their officials still the joke of the world!
Aug 28th, 2014 - 08:50 am - Link - Report abuse 0Was total caos in BA yesterday. I had to spend most of the day there and traffic was pretty much grid locked all day from the strikes.
Aug 28th, 2014 - 11:20 am - Link - Report abuse 0Will surprise me if we get to the end of year without some big changes.
I would love for the old drag queen to explain how the STREET price of the peso could be manipulated.
Aug 28th, 2014 - 11:37 am - Link - Report abuse 0He is a liar but he's so stupid he doesn't think through his lies.
Luckily for the Gov't the General Strike will most likely tamp down the Peso today. Maybe they need massive strikes every day.
I wonder, who said all of this was coming?? Who was it? I can't remember ? Was it Think, No, I don't think so. Was it Marcos, No not him either, Hmmm Who was it?
@8 Don't pat yourself on the back too hard.
Aug 28th, 2014 - 11:47 am - Link - Report abuse 0Stevie wonder could see this coming.
9. Merely pointing out the idiots who argued with me for years that the Arg “heterodox” policies were changing the system and it will work forever.
Aug 28th, 2014 - 11:49 am - Link - Report abuse 0Oh yeah add Axel to that list.
The dumbest poster on the board.
There's only one thing rising quicker than the argie peso against the dollar,
Aug 28th, 2014 - 11:55 am - Link - Report abuse 0And that's the dollars hoarded in the overseas kirchner emigration fund....
....the end is nigh,
the rise of blue dollar price is the result of inflation + monetary expansion + fiscal deficit + falling commodity prices.
Aug 28th, 2014 - 12:16 pm - Link - Report abuse 0these useless officers think that raising the interest rates in 1 point will be enough to stop it, but they are wrong as always.
anyway, nothing to do with the default, you nabos.
@10 They are never going to admit they were wrong. When you think about it, how many supporters of the K's model have come and gone? Not just changing names but disappeared when they realised the reality of the situation in their country.
Aug 28th, 2014 - 12:19 pm - Link - Report abuse 0I suspect we will see as much distraction on here as we are seeing from the K's government.
Expect the old hag to start spewing on about the Las Malvinas in a failed attempt at nationalism very soon. ....Yawn... predictable as always.
Aug 28th, 2014 - 12:25 pm - Link - Report abuse 0The emperor has no clothes...
Polly is still with us!
Aug 28th, 2014 - 12:41 pm - Link - Report abuse 0I wonder how much longer we will have the chance of laughing at the 'Comical Allie of Argentina'.
Not much longer once the electric fails again.
This government has claimed that the peso has come under “speculative attacks” in:
Aug 28th, 2014 - 12:41 pm - Link - Report abuse 0Nov 2011
Jun 2012
Mar 2013
Jan 2014
Aug 2014
About every 9 months. If the peso wasn't susceptible to these “attacks” then they wouldn't have any long term consequences, yet the peso continues to slide.
Who is responsible for making the peso susceptible to these attacks?
christine
Aug 28th, 2014 - 12:51 pm - Link - Report abuse 0if argentina falls down, the first in suffering the consequences will be uruguay.
so, try to find another place to hide yourself from justice.
Speculators are in it to make money. But if you are short pesos then you run the risk of Argentina sorting out its finances, clearing its debt disputes, bringing inflation under control, promoting growth and encouraging both domestic and inward investments and thus turning your short position into a loss.
Aug 28th, 2014 - 01:06 pm - Link - Report abuse 0Sorry I can't keep a straight face anymore.
@18 lol. how can the government expect people not to speculate
Aug 28th, 2014 - 01:15 pm - Link - Report abuse 0Speculating would mean you think the Peso will go down. I don't think it will. At least not enough to matter and certainly not in the long run.
Aug 28th, 2014 - 01:18 pm - Link - Report abuse 0I remember Think saying people were stupid to buy u$ at 9, then 12,
but he's never been right about anything why would he start now.
Sterilization usually works when there is a speculative attack. If the cause is not due to a speculative attack,...it no work. Sorry.
Aug 28th, 2014 - 01:20 pm - Link - Report abuse 0I speculated today. I bought two packets of laundry liquid instead of one as I “speculated” the price will go up soon. Does this count as a “speculative attack” on the peso? If not, where is the line drawn?
Aug 28th, 2014 - 01:22 pm - Link - Report abuse 022. That's one of the “staples” I told Toby to buy and hold too.
Aug 28th, 2014 - 01:27 pm - Link - Report abuse 0I think its funny that every day the headlines on the Peso is, Gov't Peso Stable, yet it has gone up tremendously this year, and last year and the year before. It is certainly not “stable”.
At some point BCRA will absolutely not have the U$ to keep up the support. The real worth is 15 they are pretending its 9. Its draining their small reserves every day they keep up that lie. They better hope its cool this summer so they don't have to but too much Diesel to keep the generators running.
One of the reasons I moved from BA is that the smog/diesel fumes really bothered me. It must be much worse by now.
4. Bingo! This has Soros (or ministry of propaganda) written all over it.
Aug 28th, 2014 - 02:04 pm - Link - Report abuse 0Hey, let's start a new speculation.
When do you think that the rotting roadkill stock market will crash?
What do you think that the Merval will close at on that first day?
My guess is Januaryish 2015 and about 8550 (against a high of about 12,700).
@23 the peso is in a “stable” decline.
Aug 28th, 2014 - 02:09 pm - Link - Report abuse 0Tinky's single nalt gets ever more expensive. The only way is down………
Aug 28th, 2014 - 04:52 pm - Link - Report abuse 0@22 Careful you are not labelled a hoarder for that. I think the K's are making that illegal.
Aug 28th, 2014 - 05:02 pm - Link - Report abuse 0@23 When I was living in Buenos Aires and walking everywhere I used to muse that if they fixed those buses belching out black fumes and cleaned up all the dog shit, it would be a much more pleasant city.
27. That and it would be nice if Rgs learned how to use a trash can.
Aug 28th, 2014 - 05:29 pm - Link - Report abuse 0It is such a filthy city.
Good God another new record in Argentina, when will this all end? So many records broken all for the wrong reason. Record default, most decisions against them in commerce. WTO decision against.
Aug 28th, 2014 - 05:50 pm - Link - Report abuse 0@ 17 Pollyt
Aug 28th, 2014 - 05:58 pm - Link - Report abuse 0“Not much longer once the electric fails again.”
Why do you think I wrote that? Because Uruguay continues to provide BsAs with electricity via the sub-Plate cable and who doesn’t pay their bills and when will it be cut off?
The Dark Country and when Tabare Vasquez gets in as President: he hates argies almost as much as me.
You stupidly fell for it, plonker.
And as for Uruguay, the sooner you lot fail the better off we will be, you are not paying for what No Money Pepe keeps exporting to you, bunch of deadbeats.
Austral Elvis just announced that with the ramp up of the economy in the USA, Argentina is going to have some hard times coming as more investment will flow to the quality countries.
Aug 28th, 2014 - 05:58 pm - Link - Report abuse 0Now its the USA's fault its all going down hill in that sh*thole.
Okay.
It must be really nice to be d psychopath, never worry, facts are irrelevant and there are no consequences to any of your actions.
@31 “ Now its the USA's fault its all going down hill in that sh*thole.”
Aug 28th, 2014 - 06:12 pm - Link - Report abuse 0It is ALWAYS the USA's fault for anything bad that happens in Argentina, Latin America, or the third world really. That's one of the perks of taking over the world.
All human activities are speculating, expecting some result or another. So what?
Aug 28th, 2014 - 06:29 pm - Link - Report abuse 0Austal Elvis is on an “emergency” trip to Brazil to ask them why they're not buying cars any longer.
Aug 28th, 2014 - 07:06 pm - Link - Report abuse 0I wonder if the Auto Mfgs told him they were ready to start packing up.
If they do I hope they get the USA execs our before they make the announcement.
I know some of the Rgs think this could never happen, they've been here 75+yrs blah blah blah. Its gonna happen
just wait
Wasn't there a Chinese poster called Nigel Alan here or something?
Aug 29th, 2014 - 02:48 am - Link - Report abuse 0He was very informative. He told yankeeboy MANY times that China was preparing to put the boot on the USA and Europe, and that the first signs would start “soon”.
http://news.yahoo.com/china-tells-u-reduce-halt-close-surveillance-patrols-105705918.html
It's off. The long road to Chinese supremacy over old aging Europe and decadent, debt ridden USA has begun. It was inevitable.
I don't remember any poster called Nigel Alan.
Aug 29th, 2014 - 05:16 am - Link - Report abuse 0Why was he more informed about China's woeful demographics and massive debt problems than Nostrils?
@34
Aug 29th, 2014 - 05:40 am - Link - Report abuse 0Not to mention the Germans and the Japanese. For some reason the Whacky Leadership has decided to make enemies of most of the industrial countries in the world. Especially the US.
This is actually funny to watch. These people are so delusional and clueless that the entertainment value is priceless. They actively insult the US and its legal system, infuriate the EU and Japan with claims of “export mismanagement” and “currency speculation”, and then they travel the world to try and drum up moral support from the same countries for their idiotic “Malvinas” claim.
So the only beneficiaries of this whole mess are the Falkland Islanders. The latest round of stupidity out of Argieland should be good for about 30-50 years of sleeping soundly at night...
@35
Believe it or not, the Chinese have their own problems to deal with. Yes, they can damage other countries economies, but not without destroying their own in the process...
I don't think China is going to make it through the transition from a manufacturing society to a middle income society. They've made a lot of missteps that I don't think they can recover from.
Aug 29th, 2014 - 11:50 am - Link - Report abuse 0@37
Aug 29th, 2014 - 03:16 pm - Link - Report abuse 0Maybe because we genuinely do not like you. Is that so hard to imagine given the horrendous nature of European, North American, and Japanese society?
Arrogant, racist, Philistine, materialistic, narcissistic, violent, war-mongering, rude, elitist, avaricious, hypocritical, Pecksniffian, decadent, dishonorable.
You all are hardly likeable peoples. Hypocrisy is the one that bugs me personally.
Generalise much?
Aug 29th, 2014 - 04:04 pm - Link - Report abuse 0@40
Aug 29th, 2014 - 04:08 pm - Link - Report abuse 0It's how I feel, and how the vast majority in my generation feel.
We have the right.
So you can forget Argentina forgetting. If we still haven't forgotten what happened 200 years ago, we are going to forget everything since 2001?
Not even in 500 years. The rest of the world can forget about Argentina returning to friendly cooperative relations as in the late 19th and early 20th century. That era of an open, industrious, trading Argentina is OVER.
@37
Aug 29th, 2014 - 04:23 pm - Link - Report abuse 0“Arrogant, racist, Philistine, materialistic, narcissistic, violent, war-mongering, rude, elitist, avaricious, hypocritical, Pecksniffian, decadent, dishonourable”.
Thank you for a perfect description of a Peronist politician.
Since you can't deny my statement, you must go of on a tangent.
Aug 29th, 2014 - 05:25 pm - Link - Report abuse 0@41 “It's how I feel…” Yes, we all get how bitter, twisted and full of hatred you are. How terrible your life must be.
Aug 29th, 2014 - 05:25 pm - Link - Report abuse 0@44
Aug 29th, 2014 - 05:34 pm - Link - Report abuse 0I only feel that way about YOU (the foreigner). Not about anything else. So 97% of the time, when only with other argentines, with nature, or the like. I'm fine.
@45 What about all the women of the world you hate with NO exceptions. You included Argentine women in that rant. You also hate anyone with money. Any Argentines that are normal and like women and foreigners. You hate a lot of people, TTT. That is not normal.
Aug 29th, 2014 - 05:56 pm - Link - Report abuse 0I can't wait to visit Argentina. First off I'll be mega-rich as a backpacker due to the falling currency.
Aug 29th, 2014 - 11:29 pm - Link - Report abuse 0And secondly I can't wait to see how the hatred of a vast majority of a generation manifests. I have a feeling it won't. I've never been hated before.
Especially not as an Aussie backpacking.
47
Aug 30th, 2014 - 03:39 am - Link - Report abuse 0you're some kind of masochist, aren't you?
after all the bullshit you post about argentina, now you can´t wait to visit it...lol
spend your few bucks in the falklands.
they say they are incredible, with their huge waterfalls, glaciers, ski resorts, deserts, beaches, pampas, mountains and cosmopolitan cities.
una joyita indeed
@48
Aug 30th, 2014 - 03:49 am - Link - Report abuse 0The same with yankeboy. Every day bitching he couldn't get out of BA fast enough, but in the next sentence he counts the days when a “normal” government comes in so he can go back. WTF?
@46
I know interpretation may be a challenge for you. I'll help you.
I said I don't LIKE women. Not liking something does not mean hating something. I just am not interested in women and there materialistic overreach. Money is not all in life. Which ties in with your second point.
You turned that into “I hate women”, and supposedly my mother, when I never mentioned such a thing.
Why haven't you yet apologized for mentioning my mother on several occasions when I never brought it up? You did as an extremely abased line of personal attack.
Funny how so many people here insult my mother, and me the “troll” have never insulted ANYONE of your families. Ultimately that shows who is more educated.
TTT, I didn't insult your mother, you did. Now run along and tell her how sorry you are or she won't cook your dinner.
Aug 30th, 2014 - 08:03 am - Link - Report abuse 0Sorry but I don't think I ever said I'd move back to BA. I've been quite clear I'd never live outside of the glorious USA again.
Aug 30th, 2014 - 12:19 pm - Link - Report abuse 0Paulcedron
Aug 30th, 2014 - 10:18 pm - Link - Report abuse 0I've never hidden the fact that I will be visiting Argentina. I've stated it more than once as well as the fact that I will be doing an exchange to Latin America hopefully next year.
You can read into what I say whatever you wish. However I don't hate Argentina nor Argentineans, I just detest their choice of governments. And what those governments do to the country.
However I'll still be visiting. Just not studying or living there. Better choices elsewhere.
@52 They don't like us visiting as we see the country as it really is rather than how they would like to portray it. It really rattles them when we have first-hand knowledge.
Aug 30th, 2014 - 10:29 pm - Link - Report abuse 0You will enjoy it. I love it when I visit, have some great friends there, but I am fortunate that I can leave when I want to. Having lived there on and off for months at a time I can understand the frustration of my friends. You will find Argentines are rightly proud of their country but also, face to face, are happy to complain about all the disfunction, corruption and hopeless government. You know how you can moan about someone you love but if anyone else does you shoot them down? It is a bit like that. But sit back and let them tear apart their own country and they will go on and on and on….
There is also a lot of fun to be had. That said, from what my friends are saying, things are getting grim in BsAs.
Elaine
Aug 31st, 2014 - 05:48 am - Link - Report abuse 0I don't doubt they'll be extremely proud and welcoming in person. I also know that whether in Chubut or Mendoza, that it is harder to make out that everything is going well when you see it first hand.
Currently I am tossing up between Los Andes in Colombia or Uni of Chile. Either way I'll at minimum visit countries next door. So either Argentina or Venezuela. Or both.
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