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Argentina ends deficit for first time in 123 years…

Summary:
Dour looking group taking a victory lap:🇦🇷 MILEI: ARGENTINA ENDS DEFICIT FOR THE FIRST TIME IN 123 YEARS"The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation.Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years.This historic… https://t.co/uszEgPd493 pic.twitter.com/nt5jJGQM1V— Mario Nawfal (@MarioNawfal) December 11, 2024 Their equity market index responding favorably….But they have been drastically reducing their risk free rate at the same time:

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Dour looking group taking a victory lap:



Their equity market index responding favorably….


Argentina ends deficit for first time in 123 years…

But they have been drastically reducing their risk free rate at the same time:


Argentina ends deficit for first time in 123 years…





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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