Black Friday for Argentina: dollar climbs 3.86% and sovereign credit risk reaches 700 points

Saturday, August 11th 2018 - 09:13 UTC

Full article 3 comments

Argentina’s peso closed down 3.86% on Friday and the stock market ended 1.44%, pressured by emerging markets turmoil, particularly in Turkey, and a corruption scandal that has touched some of the country’s top business leaders, traders said. Read full article

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chronic
Reeeeeeeeeeeeeeekie:

At some point one will be able to accurately assess the old adage that “it isn't worth two cents”.

Macaroni has accomplished little.

He was left a wonderful hand to play by la cretina.

The oozing slime that he was required to wade into at inauguration has proven intractable - just as all predicted.

Conversely, CFK's vindication of charges as self proclaimed prior to abdication remains just as assuredly - elusive.

Rg society is crippled by an absence of two critical resources - integrity and accountability.
Aug 11th, 2018 - 01:14 pm - Link - Report abuse -1
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falklandlad
Macri might be down in the polls and struggling, but he is far from beaten.
Aug 11th, 2018 - 02:39 pm - Link - Report abuse 0
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Enrique Massot
The size of the distraction devices implemented by the Argentine government shows the dimension of the crisis that it seeks to cover.

President Mauricio Macri blames the U.S. interest taxes, the Turkish lira, the notebooks (well, photocopies) in an effort to delay the inevitable – however, the deterioration of the real economy is felt by Argentines every day.

That is why today’s disapproval rates of the government are soaring to 62 per cent, while 70 per cent of Argentines say they are worse off than a year ago in an opinion poll published today by Clarin.

The sad reality is that a group of entrepreneurs who did not have a plan other than filling their own pockets is taking the country to a crisis that may dwarf that of 2001.

Of course, chronically misinformed commentators such as one above are beginning to change tone, still blandly attempting to tarnish a government that ceased almost three years ago for today's debacle.

However, the same commentator offers us the key to understand the problems of “Rg society.” It is, he says, ”crippled by an absence of...(sound handpans, marimbas and glockenspiels) integrity and accountability.”

No s.....t!!!
Aug 13th, 2018 - 07:44 pm - Link - Report abuse -1
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