Argentina stocks (ARGT and others)

 
Scataphagos said:
The further Left, the faster and worse the damage.
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Exactly; + its a shame, Argentina is such a beautiful country. Contrast with Chile, they went to a private pension for all...........................................................................Would to God, US would do that
 
murray t turtle said:
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Exactly; + its a shame, Argentina is such a beautiful country. Contrast with Chile, they went to a private pension for all...........................................................................Would to God, US would do that
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+Norway’s $1tn oil fund
instead of the fake US social security ponzi fund.
 
zdreg said:
+Norway’s $1tn oil fund
instead of the fake US social security ponzi fund.
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Thats really a a shame; SS should invest in stocks/ETFs=much better return.........................................................................................................
 
"Argentina Imposes Currency Controls"
https://www.zerohedge.com/news/2019-09-01/argentina-imposes-curency-controls

USD/ARS closed at 59.49 on Friday.

According to https://www.bloomberg.com/quote/USDARS:CUR
it has traded in a range of 53.88 to 60.50 this morning

At the time of writing (10.50am ET and 11.50am in Argentina), it's at about 57.37, but as ZH notes in the article below

"Argentine Peso Soars Amid Zero Liquidity Despite "Very Concerning" Capital Controls Plan"
https://www.zerohedge.com/news/2019...dity-despite-very-concerning-capital-controls

1. "If the resurgent currency surprises you, you're not alone as insiders tell us that black-market USDARS is trading around 64/USD - a new collapse to a new record low."

2. "The 2022 bonds are down another 5 points in early trading"
 
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it is a meaningless fluctuation and/or temporary retracement, om the doward course to imitate the trajectory of the venezuelan peso
 
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