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This is just classic. Most currency traders I've met are unemotional and aware of the risks in a trade and how to mitigate them. But it's still pretty funny :)

Not in Argentina but across Latin America. Argentina by itself is not that big a deal and it's very far from the US. It's the region they care about. I think it's very possible, maybe even likely that Bessent's former colleagues knew what the US was planning to do in Argentina and placed...

I don't know about "wrong" but I'd say that's a pretty glass-half-empty view of things. Kind of funny that two people could watch the same video and come away with such different viewpoints :)

That is a good video, I was bracing myself for one of those whacko conspiracy theories but I thought he got the overall story right. I'm not a big fan of Obama's but I disagree with Bessent's criticism that he missed the LatAm opportunity. Obama took office with the GFC in full swing and all...

Ah I see, my apologies, and I do recall a couple of times having to fiddle with it until it locked properly. NYC bikes have the same issue though.

I think we're from the same generation and would disagree that there was any sleight of hand. With all due respect I think you misunderstood or misinterpreted what the US committed to and how swap programs work. It was very clear to me what they were trying to accomplish and they stood behind...

Sorry to hear that. I found it worked really well once my friend set me up on the app. You do have to return it to a station though, that's how the system works and it's no different in the US.

I don't see it that way. The US offered support and it was enough to calm financial markets until the election, that's how it's supposed to work. Also the US Treasury Secretary is Scott Bessent.

I don't think it was a bait and switch. The US committed swap lines in case they were needed, they didn't say $20 billion was coming in the mail tomorrow. The election went their way so at least for now the US can move on. Which is good because frankly there are far more important issues to...

It was similar with the last US election. Media and consultants kept telling us that Harris was going to win in a landslide because only sub-humans supported Trump. What surprised even the consultants though was that a lot of voters in the middle didn't actually support Trump (or couldn't...

I don't know about online predictions but in this forum it was very negative, certainly had this outsider believing Milei could lose. Only Piranha said he would win and I suspect the reasoning was accurate as well (I doubt the US had much to do with it).

I would ask Piranha, only one who called it correctly in this forum. Everyone else said Milei was going to lose.

https://thehill.com/opinion/international/5575437-in-argentina-a-win-for-economic-democracy-a-loss-for-peronist-kleptocracy/

I believe they call it "massaging outcomes", fraud is such a strong word :)

Kudos on your prediction. Many on here were saying the opposite but you were exactly correct.

That is a fascinating project, I rode past it on my bike every day I was there. Hope they sort out all the issues.

"Washington has an interest in seeing Milei succeed not only because it will stabilize Argentina, but also because his success will serve as a “beacon” to other countries on the continent. 'We do not want another failed or China-led state in Latin America,' Bessent said." That is as good a take...

I think this excerpt from CoinDesk says it all...

If it's a Peronist then perhaps the US follows China's playbook, bribe govt officials and throw in a few goodies like bridges and schools for the masses.

I have said over and over that Milei's scamming is not okay at all - you cannot ask citizens to sacrifice while you're stealing from everyone and everything. But I still think the Kirchner's were much worse, and you have defended them over and over. Massive currency depreciation may be great...