Leo Wandersleb on Nostr: The yearly chart looked so artificial. Here is a chart showing the street value of a ...
The yearly chart looked so artificial. Here is a chart showing the street value of a USD.
So the elections were on Sunday August 13th for which my chart registered an up-tick of 80 pesos per USD from 605 to 685. By Monday the street value was up 20% at 730. The central bank devalued 20% that day. By Tuesday, the street value rose to 780.
I don't know how all this works and how the actual order of events was but clearly a central bank can keep lying for only so long, so while they can time their "honesty" with events they don't like, Milei very likely is bad for the ARS as he wants to abandon it.
So the elections were on Sunday August 13th for which my chart registered an up-tick of 80 pesos per USD from 605 to 685. By Monday the street value was up 20% at 730. The central bank devalued 20% that day. By Tuesday, the street value rose to 780.
I don't know how all this works and how the actual order of events was but clearly a central bank can keep lying for only so long, so while they can time their "honesty" with events they don't like, Milei very likely is bad for the ARS as he wants to abandon it.