Anyone following the current situation in Argentina?

[Simples]

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.

No volume on BigCharts: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=merval&insttype=&freq=1&show=&time=8

Without value, not much to discuss just one random chart.
Probably more like ZH territory.

 

[luisHK]

Wow, I´d missed that completely, argentina index down 35% on the day it appears.
a quick google search doesn´t come up with a list but that must be a notable event among the worst 1 day loss in national indexes (link welcome if anyone can dig it up)

 

[zdreg]

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.

The answer to your question is beyond my expertise.

Avg daily vol. for one adr is ovr 1.1M. avg vol for 2nd is .8M. The spread is narrow.

 

[CharlesS]

Bloomberg --
"The surprise outcome in Argentina’s primary vote roiled the nation’s financial markets, sending the S&P Merval Index plunging 48% in dollar terms."

 

[Nighthawk]

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.

LOL! Try again.

The Weimarer Republic has absolutely nothing to do with tariff policies.

And I will personalize responses as I see fit!

 

[Stockolio]

https://www.bloomberg.com/news/arti...46-stock-rout-second-biggest-in-past-70-years

The surprise outcome in Argentina’s primary vote roiled the nation’s financial markets, sending the S&P Merval Index plunging 48% in dollar terms.

That marked the second-biggest one-day rout on any of the 94 stock exchanges tracked by Bloomberg going back to 1950. Sri Lanka’s bourse tumbled more than 60% in June 1989 as the nation was engulfed in a civil war.

 

[zdreg]

The Weimarer Republic has absolutely nothing to do with tariff policies.

The statement is more or less correct. Unfortunately, your reply has nothing to do with my original remark, concerning deflation in Germany in 1920 followed by hyperinflation in 1923.

 

[Turveyd]

UK 1st November if Brexit is no deal is going to look exactly like that, hyper inflation ( importing all from the USA is costly ) all coming to the UK fun!!

Trumps pumping up a bubble in the USA aswell, which will last as long as he's in power I guess, then OMG it's going to burst badly and much the same.

When you ( kinda ) Elect muppets into power then give them free regien, what do you expect.

 

[Simples]

UK 1st November if Brexit is no deal is going to look exactly like that, hyper inflation ( importing all from the USA is costly ) all coming to the UK fun!!

Trumps pumping up a bubble in the USA aswell, which will last as long as he's in power I guess, then OMG it's going to burst badly and much the same.

When you ( kinda ) Elect muppets into power then give them free regien, what do you expect.

trump represents the 0.000001%, instead of the 0.000001%. Big difference? They are all going to burn the same as everyone else.

Hint: trump is FOR extinction level Global Warming.

 

[maxinger]

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.

where can we trade this Argentina ADR?