Hope for Argentina?

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BUENOS AIRES/LONDON, Aug 14 (Reuters) - Argentina's government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%, the central bank said, as financial markets reeled the day after a shock primary election result.

Congressman Javier Milei, a far-right libertarian who wants to axe the central bank and dollarize the economy, shook up the presidential elections on Sunday, winning 30% of the vote, the largest share with over 97% of ballots counted.
 
maxinger said:
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BUENOS AIRES/LONDON, Aug 14 (Reuters) - Argentina's government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%, the central bank said, as financial markets reeled the day after a shock primary election result.

Congressman Javier Milei, a far-right libertarian who wants to axe the central bank and dollarize the economy, shook up the presidential elections on Sunday, winning 30% of the vote, the largest share with over 97% of ballots counted.
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so 30% of 97%, wouldn't he lose already?
 
Milei looked promising but I didn't like the following from wikipedia:

Since 2012, Milei leads the division of Economic Studies, Fundación Acordar, a think tank of national scope.[25] He is also a member of the B20, the Economic Policy Group of International Chamber of Commerce (an advisor to the G20), and the World Economic Forum.

Since 2016, he has been trying to merge Austrian School economics concepts with monetarism concepts, as he believes Ben Bernanke was the greatest central banker ever.[28]

I mean somebody who believes in the WEF and believes "helicopter" Ben Bernanke was the best central banker is obviously a lunatic. The misery will continue in La Argentina.
 
mervyn said:
so 30% of 97%, wouldn't he lose already?
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%%
IF those numbers are right, sounds like he is a winner assume dont need 51% to win??
Argentine stock market likes it / ARGT good uptrend 2023;
ARGT, semi liquid ETF /72% buy/100% buy long term, barchart.com
NOT a stock tipLOL:D:D[Delayed edit\ maybe a run off election
if no one recieves 40or 45%]
 
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