Anyone following the current situation in Argentina?

_eug_ said:
This chart is a warning to what can happen when you trade with no stops and try to buy the dip or fade a big move.
More...

and those who seek exotic illiquid markets because they see an "opportunity"
 
zdreg said:
Before Germany went into hyperinflation there was a period of deflation. The talking heads in the news media and certain genius posters on ET are complaining about deflation in the US.
MMT(modern market theory) and the Fed and policy based on market dependent data will save the US, If you believe this, believe the moon will rise tomorrow morning.
More...

You should study history in more detail. Before Germany went into hyperinflation, it was the US with its ridiculous Smoot-Hawley Act which started the deflationary process.

https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act

Let me just quote the moronic idea behind the Act:

The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff,[1] was an law which implemented protectionist trade policies in the United States. It was sponsored by Senator Reed Smoot and Representative Willis C. Hawley, and was signed into law by President Herbert Hoover on June 17, 1930. The act raised U.S. tariffs on over 20,000 imported goods.[2]

The tariffs under the act – not including duty-free imports (see Tariff levels below) – were the second-highest in the United States in 100 years, exceeded by a small margin by the Tariff of 1828.[3] The Act and following retaliatory tariffs by America's trading partners were major factors of the reduction of American exports and imports by more than half during the Depression.[4] Although there is disagreement about the scale of its effect, the consensus view among economists and economic historians is that "The passage of the Smoot–Hawley Tariff exacerbated the Great Depression."


Does this ring a bell what the clown in the White House is trying to accomplish with his genius "trade wars are easy to win" philosophy?
 
Nighthawk said:
You should study history in more detail. Before Germany went into hyperinflation, it was the US with its ridiculous Smoot-Hawley Act which started the deflationary process.
More...

As an example of deflation leading to hyperinflation, consider the case of theWeimar Republic. In 1920, Germany experienced a deflationary collapse, with the average citizen finding it harder and harder to get enough money for necessities. Banks, short of money, could not honor checks, and businesses were strapped for cash to buy materials and meet payroll. Fearing a collapse that would throw millions of workers out on the street, the German government desperately printed money in an attempt to re-inflate the economy.
By November 1923, the US dollar was worth 4,210,500,000,000German marks.

In the future don't personalize your responses and don't make an attempt at expertise in areas where you are lacking.
 
Last edited:
MattZ said:
and those who seek exotic illiquid markets because they see an "opportunity"
More...
Argentina ADRs were extremely liquid today. one traded 30 million shares. total value over 500 million dollars. Another traded 7 million shares roughly 100 million dollars in value.
 
I see an opportunity maybe to get in on one of those awesome duck and or dove hunts in Argentina. Seen these videos where theirs so many birds you have a guide or two whose only job is to reload shotguns for you. Almost looks to easy .
 
zdreg said:
Argentina ADRs were extremely liquid today. one traded 30 million shares. total value over 500 million dollars. Another traded 7 million shares roughly 100 million dollars in value.
More...

Thank you for that.
Is it liquid on the Equity Merval Index? from what I saw, it is usually used for hedging, not speculation, and it is not very liquid.
 
You must log in or register to reply here.
Back
Top