by Argentina peso in collapse wrt USD:In #Argentina, the peso has tumbled to a 12-year low of 462 ARS/USD in the parallel market. The pathetic peso has lost 52% of its value against the USD since Jan 2022. Arg. needs to mothball the Central Bank of Argentina and the peso and place them in a museum. pic.twitter.com/uPXm9kIYAI— Steve Hanke (@steve_hanke) April 25, 2023 Interest rates at 81% … better keep increasing rates and stick with it …. maybe it will work this time… come up with some new witty figures of speech maybe…ARGENTINA CENTRAL BANK TO RAISE BENCHMARK INTEREST RATE 300 BPS TO 81% - OFFICIAL SOURCE— *Walter Bloomberg (@DeItaone) April 20, 2023 All Art degree morons in control… ie hopeless situation…
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Building hope
New Economics Foundation writes Are oil and gas workers the coalminers of our generation?
Mike Norman writes Tariffs As A Fiscal Tool? — Brian Romanchuk
John Quiggin writes Trump’s dictatorship is a fait accompli
Argentina peso in collapse wrt USD:
In #Argentina, the peso has tumbled to a 12-year low of 462 ARS/USD in the parallel market. The pathetic peso has lost 52% of its value against the USD since Jan 2022. Arg. needs to mothball the Central Bank of Argentina and the peso and place them in a museum. pic.twitter.com/uPXm9kIYAI
— Steve Hanke (@steve_hanke) April 25, 2023
Interest rates at 81% … better keep increasing rates and stick with it …. maybe it will work this time… come up with some new witty figures of speech maybe…
ARGENTINA CENTRAL BANK TO RAISE BENCHMARK INTEREST RATE 300 BPS TO 81% - OFFICIAL SOURCE
— *Walter Bloomberg (@DeItaone) April 20, 2023
All Art degree morons in control… ie hopeless situation…