When Will The Peso Hit 10?

[Rich One]

Question ?Are your dollars safer, under the mattress, in a fiscal paradise or as Dollar Bonds in the hands of the Central Bank. a no brainer.

 

[Rich One]

Compra:

Venta:



10.04

10.08 Wouldn't it now be a good idea to raise the bar to say lucky "13" -- we should be there soon enough .. 3 months ago it was 6 now 10 I am sure we can reach higher plateaus soon too. What are your opinions?

All crystal balls went bust. All depends on the number of Cadena Nacionales SHE does :wub:

 

[Ceviche]

From now, I think peso will go up by 1 peso up approximately every month.

June= 11
July = 12 and so on

 

[Bajo_cero2]

The money printing policy adopted by Cristina is the exact same one being adopted by the Federal Reserve, the European Central Bank and the Bank of Japan. So, who is following the "neoliberal dogma" again?

Good point. They preach about monetarism for the others but they are, in reality, keynesians. While Cristina prints for social plans, the US prints to save the banks of to finance the war. Hipocrecy is called.

 

[Rich One]

The blue dollar rate curve is parabolic and soon will have a stampede of buyers, the Ceiling for now is Venezuela's rate 1:4. So we can look at a $20 peso dollar this year......!!!

 

[khairyexpat]

Good point. They preach about monetarism for the others but they are, in reality, keynesians. While Cristina prints for social plans, the US prints to save the banks of to finance the war. Hipocrecy is called.

No middle ground. Either extreme left, or extreme right. Even within the US (one nation), the clash between the 2 extremes is paralysing.

 

[Joe]

Moreno has ordered Blue Dollar to come down IMMEDIATELY!

During the first meeting Moreno demanded “blue” dollar to be traded between AR$ 6 and AR$ 6.50 in the upcoming days. Both values are far from the current AR$ 10.
“The so called “blue” dollar can’t be so high, it has to go down immediately,” said the Government authority. Moreno mentioned consequences in case his demand wouldn’t be fulfilled. “If you don’t drop it in the upcoming days, we will enforce control in the city of Buenos Aires,” warned Moreno.

http://www.buenosair...dollar-decrease

 

[camberiu]

"Enforcing controls" is the sure way to bring the price of the dollar down. What could possibly go wrong with that strategy?

 

[cbonanni]

The printing of money in the sense that a government in investing in it's future , by buying it's own bonds or monetary instruments , in order to sustain a weak recovery , due to a recession caused by reckless borrowing and spending for wars ( Bush Wars ) over with , is , in IMHO , a fair trade off compared to irresponsible and misguided economic policies that necessitate the printing of money due to out of control inflationary policies , that are a far cry from helping society in any way , except to make things much more difficult for the poorest of the population.

As for Europe , austerity policies , while desperately needed , hinder the average people from spending money , in order to stimulate the economy. It is a balance they are trying to accomplish , without much success.

Whomever succeeds this current government is going to have a hell of a mess to clean up.

 

[Joe]

Look at the chart. It has officially gone parabolic.

Joe, also known as The Guru in the Peso Pits, predicts that the peso will be back below 10 by the end of the week.

This is not a vote of confidence in K, but simply an affirmation of a market overreaction.

I hate to tell you I told you so...


'Blue' dollar plunges 85 cents to AR$9.60 after skyrocketing to record high


http://www.buenosairesherald.com/article/130651/blue-dollar-plunges-85-cents-to-ar$960-after-skyrocketing-to-record-high