Argentine economists believe the US Treasury has already sold its pesos

[Bajo_cero2]

I was asking how Argentinians lost.

Argentines need an exchange rate of 3000/5000 pesos to be competitive.

 

[SlowWalker]

They ended up with a still over-valued currency and uncompetitive exports.

What are their exports other than meat, food, energy related?

What percent of the price of the uncompetitive exports do they need to sell for is related to various taxes and bureaucracy? The exchange rate shouldn't be used to nullify those. That's what tax reform etc is meant to address. And business owners need to address productivity.

 

[SlowWalker]

Argentines were on the other side of the trade.
Whether it was regular people or the central bank.

The government and the US Treasury came out saying what they were going to. People chose to not believe them.

Is this different than a fight the Fed bet in US markets?

 

[SlowWalker]

We have inflation is USD.

Pretty much the entire world does as well.