What's the benefit for trump and co. helping out Argentina (other than helping a kindred spirit, the current Argentinian president)? I really can't see any benefit for the US in this move. Hopefully, someone more versed in economics can explain what the missing angle is, if any.
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sailfast
The intervention doesn't work very well if just after you put in your money, you broadcast to the world via your social media website that Argentina is DYING.
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dlcarrier
I would say it's perhaps because of them, considering the long-term effects of foreign aid, but the metric itself is nonsense.
Disregarding the noise present in all exchanges, the Argentine peso has been continuously dropping, compared to USD, for decades. If it were to have a sustained climb, that would be quite the event, but that aside the question is how fast it is falling, and whether the rate is increasing or decreasing. An extreme one-time rise or fall would be significant, but that hasn't happened.
What's the benefit for trump and co. helping out Argentina (other than helping a kindred spirit, the current Argentinian president)? I really can't see any benefit for the US in this move. Hopefully, someone more versed in economics can explain what the missing angle is, if any.
The intervention doesn't work very well if just after you put in your money, you broadcast to the world via your social media website that Argentina is DYING.
I would say it's perhaps because of them, considering the long-term effects of foreign aid, but the metric itself is nonsense.
Disregarding the noise present in all exchanges, the Argentine peso has been continuously dropping, compared to USD, for decades. If it were to have a sustained climb, that would be quite the event, but that aside the question is how fast it is falling, and whether the rate is increasing or decreasing. An extreme one-time rise or fall would be significant, but that hasn't happened.
Maybe he needs a new, low cost supplier?
https://youtu.be/_W0FUeeiDcU