MercoPress. South Atlantic News Agency
“Blue” dollar in Argentina further plummets as market waits for new rules
The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading. Read full article
Comments
Disclaimer & comment rulesWho cares? No one except rotting roadkill.
Oct 07th, 2014 - 07:19 am - Link - Report abuse 0The entire market capitalization of all the companies listed on rotting roadkill's stock exchange is 00.18% that of the NYSE.
rotting roadkill is so small so as to be insignificant on a world or even regional basis.
Give it a week the dollar will jump right back up.
Oct 07th, 2014 - 09:30 am - Link - Report abuse 0You can't fix this messed up economy in 2 days.
rotting roadkill, pay your debts.
Oct 07th, 2014 - 09:51 am - Link - Report abuse 0of course the blue dollar will rise again soon.
Oct 07th, 2014 - 01:09 pm - Link - Report abuse 0it seems for these imbeciles the problem is the cost of foreign currency and not the inflation rate, the high public spending and the lack of dólares de inversión.
btw, pay your debts little britain, most of all those 35 billion dollars you still owe to argentina since 1945
“Finally Argentina's country risk climbed 1.6% to 750 basis points.”
Oct 07th, 2014 - 01:17 pm - Link - Report abuse 0So Argentina's bonds are now the most expensive in the world to insure against default.
Congratulations, Argentina! You are officially the worst borrower in the world.
But we already knew that, didn't we...?
Btween now and the end of the year Argentina will pump 200,000,000,000 pesos into the system.
Oct 07th, 2014 - 01:19 pm - Link - Report abuse 0Of course that won't do anything to inflation or the U$/Peso exchange
according to Austral Elvis that is
nothing at all
morons
@4. And how many billions do you owe the UK? Let's give you a clue. Wherever it started, it is now, at least, 5 times as much. First because you didn't repay when agreed. Then because you used it to purchase warships we built. Third because you used it to buy other weaponry. Fourth because you used the warships and weaponry to attack BRITISH territory in a particularly cowardly manner. And Fifth because we hate you. Because you dishonourable little slugs that managed to kill 255 British servicemen and 3 Falkland Islanders. Those last 3 deaths being argie war crimes. For which we DEMAND that you hand over the war criminals so that we can make a video of them being beheaded. SLOWLY. That'll be a legitimate BRITISH expression!
Oct 07th, 2014 - 03:35 pm - Link - Report abuse 0One has to wonder what the heck goes on in UBA's Facultad de Ciencias Económicas. Kiciloff is trying the medical equivalent of bloodletting - a praxis abandoned early in the 19th century. When he's done he will be less popular than Cavallo was in 2002, which indeed is a feat.
Oct 07th, 2014 - 04:19 pm - Link - Report abuse 0Argie Turnip at (8)
Oct 07th, 2014 - 05:31 pm - Link - Report abuse 0As far as I know, the best treatment for Hemochromatosis is still a good old Phlebotomy (Bloodletting)...
As far as I know, the best treatment for speculative financial attacks against a national economy is still good old control and punishment of illegal economic activities...
That's exactly what Axel is doing...
And the results speak for themselves...
The results speak for themselves....hyperinflation, collapsing trade, collapsing currency, massive corruption and massive 3rd world style poverty.
Oct 07th, 2014 - 06:15 pm - Link - Report abuse 0Keep it coming Axel...we are waiting for your next move...lol
Except this patient suffers from ebola.
Oct 07th, 2014 - 06:17 pm - Link - Report abuse 0Argentina is a complete basket case. It's like watching a train wreck in slow motion
Oct 07th, 2014 - 06:19 pm - Link - Report abuse 0@ 9 Lunatic
Oct 07th, 2014 - 06:21 pm - Link - Report abuse 0“And the results speak for themselves...”
PMSL³. You are THE Lunatic of Argentina, never mind the shithole that is Chubut.
YES, the results DO speak for themselves and I await the imminent collapse of TDC's economy, it won't be long now.
Perhaps Kickitoff will be the new President, who knows? He certainly has the Argie way about him: arrogant, stupid beyond belief and unwilling to listen to others. He sounds the ideal candidate to utterly kill the entire country, never to return to civilised society.
Oh, even for a lunatic, you are funny!
I know I'd love to see Austal Elvis running the country.
Oct 07th, 2014 - 06:34 pm - Link - Report abuse 0It would be hilarious.
He's even batshit crazier than the current hag.
And who ever thought that could be possible?
Argie Turnip at (11)
Oct 07th, 2014 - 06:34 pm - Link - Report abuse 0If your diagnosis was correct and the patient really has Ebola.......
Well...... Then Axel's, Cavallo's or even Singer's cure will be equally ineffective, would it?
There's actually nothing anyone can do except let the economy crash so it can be rebuilt.
Oct 07th, 2014 - 06:45 pm - Link - Report abuse 0There will be a massive devaluation, there will be hyperinflation, there will be a long depression.
This will happen
There's nothing that can stop this train.
The only thing these 2 retards are doing is making it the recovery longer.
:)
Argentina, like any ebola-patient, can survive if the right treatment is administered; which in the case of Argentina is firing 500,000 ñoquis.
Oct 07th, 2014 - 07:23 pm - Link - Report abuse 0Axl, unfortunately, has his training in 19th century econ (Marx -> Keynes), so he'll just keep on printing paper and blame everybody else for the failures.
Axl should read Simon Sebag Montefiore's brilliant book 'Stalin: The Court of the Red Tsar'. Just like in current day Argentina, Stalin believed that his model was perfect and thus any failure could only be explained by sabotage.
Stalin ended up killing 20 million Russians.
I hear there's still a few Gas Freighters waiting for payment...there must be no U$ left at BCRA.
Oct 07th, 2014 - 07:29 pm - Link - Report abuse 0Of course it can be fixed, but it won't Austral Elvis and his merry band of retards have no clue what to do.
They think printing money doesn't cause inflation.
That's what they believe
No matter there's plenty of history and facts to show them he's wrong
so very very wrong
He doesn't believe it
So there you are
As I said, Massive devaluation, hyperinflation, depression
Worse than any living Rgs has even known
and longer
Wait and see
“And the results speak for themselves...”
Oct 07th, 2014 - 08:41 pm - Link - Report abuse 0I just knew Think couldn't resist commenting on this.
“It's like the butterfly effect but with donkey shit”
Oct 07th, 2014 - 09:06 pm - Link - Report abuse 0Argie Polymath Turnip at (17) says...:
Oct 07th, 2014 - 09:24 pm - Link - Report abuse 0“Argentina, like any Ebola-patient, can survive if the right treatment is administered”
I say...:
You know the “Right Treatment” for Ebola???
Ģeeeeeeeee Man....., that's a guaranteed Nobel Prize in Medicine for you and Argentina next year laddie!!!
Congratulations........
There is no treatment for Ebola, you fight it by identifying it and isolating it.
Oct 08th, 2014 - 09:16 am - Link - Report abuse 0Your half way there.
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