IKN

Take physic, pomp

The Argentina Peso is off and running again

Closing at 43.86 to the US Dollar this evening, a new low (or high, depending on how you look at things) for the Argentina Peso (known as ARS, very close to being a definition as well a a ticker symbol).
When are these bozos going to work out that austerity does not work? All the supposed inflation controls brought on the country by the IMF turn to dust due to the continued slaughtering of the forex and inflation will once again spiral away from the rose-tinted forecasts made by the serious people in suits for 2019. The same way it did for 2016, 2017 and 2018.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.