Wall Street Guru says Peso is very overvalued and needs to fall

[Larry]

I don't think it takes a Wall street guru to point out that the Argentine peso is way way overvalued. If Trump imposes any tariffs the peso will free fall.

El duro pronóstico de un gurú de Wall Street sobre el dólar en la Argentina

Para el economista Robin Brooks, si Donald Trump pone fuertes aranceles sobre China, habrá devaluaciones en todos los mercados emergentes; advirtió que el peso argentino está “muy sobrevaluado” y que “necesita caer”

www.lanacion.com.ar

 

[Blockchain]

Well this guy has been saying this for a while now. Argentina has had the strongest currency in the world the past year. Robin has a point about Brazil weakening the most being right next door. Everyone I met in BA that I chat with on Whatsapp all say the peso is overvalued and expect some devaluation. It doesn't make sense that prices can be as high as US on local salaries.

I mean come on they are charging $9.25 bucks for a hot dog! And $4.50 bucks for a coffee in Palermo. Doesn't make sense to me.

 

[Betsy Ross]

I don't think there is anyone that doesn't agree that the peso is too strong right now. No one really knows what will happen. I would expect about Trump gets in office Argentina will probably get some fresh funds from the IMF. I don't think they can end the currency controls for a while.

 

[Uncle Wong]

Here is another guy that keeps saying the dollar is way overvalued. He sure does a lot of eating out for complaining about prices. He is also complaining of 347% inflation in dollars from last year to this year. But he didn't even order the same things.

https://twitter.com/x/status/1866916195846283368