Anyone following the current situation in Argentina?

[zdreg]

Before Germany went into hyperinflation, it was the US with its ridiculous Smoot-Hawley Act which started the deflationary process.

Your remark is a falsehood. Germany went into hyperinflation in 1923, Again to reaffirm Germany deflation was in 1920(.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.)

Smoot Hartley Act came in 1930. Why not make up your own reality? It is so much fun. right?

 

[zdreg]

where can we trade this Argentina ADR?

The same place you trade nasdaq or nyse listed stocks.

 

[volpri]

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?

No

 

[comingkingofisrael]

How would Brexit affect an attack on the Falklands? If there is hyper-inflation of prices There's sure to be another invasion attempt.

 

[noddyboy]

The stock index there is getting HAMMERED!!! Down 33% so far on the day... from ATH.

View attachment 206985

It is just a few months of gains though.

 

[Turveyd]

How would Brexit affect an attack on the Falklands? If there is hyper-inflation of prices There's sure to be another invasion attempt.

More like they'll pretend there attacking us ( Brits ) again as a distraction from the martial law and curfews and no well food or medicines in the UK!

 

[carrer]

"""ARGENTINA: Proud socialist Argentina's stock market collapses by 48% and their Argentine peso loses 15% of it's value BOTH IN ONE DAY after a strong primary showing by extreme left candidate."""

https://www.reddit.com/r/path%3D%252Fr%252FThe_Donald%252Fcomments%252Fcprer6%252F

reddit.com/r/The_Donald/comments/cprer6/argentina_proud_socialist_argentinas_stock_market

 

[easymon1]

The stock index there is getting HAMMERED!!! Down 33% so far on the day... from ATH.

View attachment 206985

Argentina