US DOLLAR RATE in Argentina doubled this year. Argentina is world headlines again. The country keeps crashing. CRYING TO IMF for more funds

same problem
1) corruption
2) deficit / crazy spending
3) debt
4) currency crash

we follow these 4 steps to destruction in cycles.

Argentina’s currency crashes to an all-time low as it asks the IMF for emergency funds
Investors are increasingly concerned Latin America’s third-largest economy could soon default as it struggles to repay heavy government borrowing.
The peso is down more than 45 percent against the greenback this year, exacerbating pre-existing fears over the country’s weakening economy and inflation running at 25.4 percent this year.
“I know that these tumultuous situations generate anxiety among many of you … I understand this, and I want you to know I am making all decisions necessary to protect you,” Macri said.

Emerging markets fall as Argentine peso plunges to record low from CNBC.

We are primarily funded by readers. Please subscribe and donate to support us!

more:

www.cnbc.com/2018/08/30/argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.html

SS

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.