Milei’s market honeymoon ends as investors question economic plan

[Larry]

The markets are starting to doubt Milei's plan is working. He is very distracted and the honeymoon is ending.

Milei’s market honeymoon ends as investors question economic plan

Move to prop up peso triggers nerves over government’s ability to stick to long-term strategy

www.ft.com

No paywall - https://archive.ph/f6jwJ#selection-1709.0-1709.65

 

[Vince]

Good article that spells out what is happening. Outsiders don't like this intervention. Short-termist and inconsistent is right.

 

[Betsy Ross]

Good article that spells out what is happening. Outsiders don't like this intervention. Short-termist and inconsistent is right.

He is worried about inflation and trying to keep it down but I agree that manipulating the exchange rate isn't a good idea. This is something CFK did. They need to just let it float freely. The market will dictate what the pesos value is worth.

 

[Avocado]

So much for his promise to dollarize the economy. I guess his Nobel prize will need to wait.

 

[Blockchain]

It looks like even with the government trying to manipulate exchange rate, it hasn't really changed too much at all from the low.