From Bloomberg This Morning...

[Caribbean Cool]

• The peso is set to weaken in parallel markets used to skirt currency controls, reflecting Milei’s plans to dollarize the economy. Morgan Stanley, meanwhile, sees the official rate falling 80% by December.

 

[retiredbanker]

• The peso is set to weaken in parallel markets used to skirt currency controls, reflecting Milei’s plans to dollarize the economy. Morgan Stanley, meanwhile, sees the official rate falling 80% by December.

Bloomberg has a firm grasp of the obvious.

 

[Caribbean Cool]

Bloomberg has a firm grasp of the obvious.

Obvious? The only thing obvious to me is that I am not as smart as I think,,,or is it thought?

 

[Caribbean Cool]

And thinking further about the Bloomberg Comment.....if an 80% move were in the cards....'an obvious one'....why isn't it being reflected in the market right now.....meaning the Bloomberg M.S. comment is B.S.

 

[grosso95]

Us traded Argentine stocks are flying right now. (Merval is closed)

Merval will probably have a green day tomorrow (compare this to when Alberto won and Merval dropped heavily).

 

[Rich One]

And thinking further about the Bloomberg Comment.....if an 80% move were in the cards....'an obvious one'....why isn't it being reflected in the market right now.....meaning the Bloomberg M.S. comment is B.S.

If the Official dollar goes starting tomorrow from $360 to $600 by Dic 1st. would M.S predictions be B.S...?

 

[wrangler]

The official peso rate will be devalued, not sure if it will be tomorrow, or when Milei is officially president. He has to devalue with all of the billions he is going to borrow from the IMF. From 360 to 600 overnight is too drastic. They are likely to do it more gradually.