Australian (ASX) Stock Market Forum

Argentina's market drops 48% in one day

Jump to new
wayneL said:


He's right you know ^^
Click to expand...

For every action, you get an equal and opposite reaction. :xyxthumbs
This is the outcome, when you get the loonie left and the loonie right, running the show.
Fortunately in Australia, we swing slightly left and slightly right, but it doesn't take much to cause that oscillation to increase and at the moment it is in a big swing on property.🥳
The great unwashed are noticing, trust me I drink with them, most on here would not even go in the pubs I do without having a tetanus shot afterwards. :roflmao:
I know the wife wont go there, that's why I do, peace and quite and a couple of beers with mates and talk politics is nivarna.;)
 
sptrawler said:
For every action, you get an equal and opposite reaction. :xyxthumbs
This is the outcome, when you get the loonie left and the loonie right, running the show.
Fortunately in Australia, we swing slightly left and slightly right, but it doesn't take much to cause that oscillation to increase and at the moment it is in a big swing on property.🥳
The great unwashed are noticing, trust me I drink with them, most on here would not even go in the pubs I do without having a tetanus shot afterwards. :roflmao:
I know the wife wont go there, that's why I do, peace and quite and a couple of beers with mates and talk politics is nivarna.;)
Click to expand...
This is true, but swings take time to swing. The left have had their way for quite some time. Milei *may have smashed the Overton window on a global basis.

I'm excited to see how this plays out.
 
wayneL said:
This is true, but swings take time to swing. The left have had their way for quite some time. Milei *may have smashed the Overton window on a global basis.

I'm excited to see how this plays out.
Click to expand...
Ooooh probably the exact same way it's worked out for every other populist politician....

Which is that nothing changes, and the country generally ends up in a slightly worse position and the rich get richer.

In 4 years time when everyone in Argentina is still on 100% inflation and 40% poverty they'll boot him out and bring back the normal politicians.
 
sptrawler said:
For every action, you get an equal and opposite reaction. :xyxthumbs
This is the outcome, when you get the loonie left and the loonie right, running the show.
Fortunately in Australia, we swing slightly left and slightly right, but it doesn't take much to cause that oscillation to increase and at the moment it is in a big swing on property.🥳
The great unwashed are noticing, trust me I drink with them, most on here would not even go in the pubs I do without having a tetanus shot afterwards. :roflmao:
I know the wife wont go there, that's why I do, peace and quite and a couple of beers with mates and talk politics is nivarna.;)
Click to expand...

I'd say we've swung a little too far Left with the Greens getting so many seats. Maybe Hansen, or similar, will eventually get a few more as a counterbalance down the track.
 
Javier M. would certainly get my vote were I Argentinian. Any comparisons to Australian politicians is difficult. Our politicians by instinct and breeding are boring, and un or il-educated baboons in comparison. Of the mainstream Keating did have an element of the radical genius but the country then was smitten with the boozy mummy's boy, the dry drunk Hawke and his mediocre cabinet and carpetbaggers. Yes, Keating is the closest I can think of in intelligence and style, but their political views are quite different, and Keating was stymied by Hawke..

It does sadden me that the best disruptors we can find in Australia are the uneducated such as Hanson and Palmer or the ideologues such as Abbott and Gillard.

We are not the lucky country, but the boring country.

Give me a disruptor such as Javier M. any day over the boring mob of inept sheep whose main skill is accepting sit down money to cling on to their seats in Canberra.

gg
 
The Triangle said:
Ooooh probably the exact same way it's worked out for every other populist politician....

Which is that nothing changes, and the country generally ends up in a slightly worse position and the rich get richer.

In 4 years time when everyone in Argentina is still on 100% inflation and 40% poverty they'll boot him out and bring back the normal politicians.
Click to expand...
sad but likely

maybe time will prove me wrong this time

if he won't talk to Communists and Leftards then who does he think is running the US currently ??

( California and heir apparent Newsom cleaned up San Francisco in a week for Xi's visit , but couldn't tidy it up for it's own voters within years )
 
Garpal Gumnut said:
Javier M. would certainly get my vote were I Argentinian. Any comparisons to Australian politicians is difficult. Our politicians by instinct and breeding are boring, and un or il-educated baboons in comparison. Of the mainstream Keating did have an element of the radical genius but the country then was smitten with the boozy mummy's boy, the dry drunk Hawke and his mediocre cabinet and carpetbaggers. Yes, Keating is the closest I can think of in intelligence and style, but their political views are quite different, and Keating was stymied by Hawke..

It does sadden me that the best disruptors we can find in Australia are the uneducated such as Hanson and Palmer or the ideologues such as Abbott and Gillard.

We are not the lucky country, but the boring country.

Give me a disruptor such as Javier M. any day over the boring mob of inept sheep whose main skill is accepting sit down money to cling on to their seats in Canberra.

gg
Click to expand...
we had our chances Graeme Campbell , Pauline Hanson , Bob Katter , and let the media divert us to the same old , same old

and for a fish-shop owner in Leftist Central ( Ipswich ) she knew more about economies and crime than the last 5 treasurers

shame she didn't befriend Musk instead of LNP cast-offs
 
the markets in Argentina were closed on Monday for a holiday, but in the U.S.

Argentina's U.S.-listed companies are enjoying a moment in the sun.
Shares in at least four Argentinian companies jumped Monday after the election victory Sunday by Javier Milei, a self-described anarcho-capitalist.
Energy company YPF led the pack with a 35% rise. U.S.-listed shares in telecommunications provider Telecom Argentina and financial services holding company Grupo Financiero Galicia rose 20%. E-commerce venture MercadoLibre had a more modest increase.
 
Last edited:

The Great (Freedom) Reset Has Begun | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

SNIP: Most important and least mentioned this week is that under the wild exterior, Milei has it where it counts: he has two masters degrees and has “been a professor of macroeconomics, economics of growth, microeconomics, and mathematics for economists” with specializations in economic growth. He has held prominent roles in various financial and government sectors, too. He was the chief economist at Máxima AFJP, a private pension firm, and at Estudio Broda, a financial advisory. He also consulted for the International Centre for Settlement of Investment Disputes and was a senior economist at HSBC Argentina.

In other words, the “bold” financial ideas aren’t just bluster. They just seem like that to the rest of the world because Milei knows the actual solution to his nation’s problem just happens to be starkly different from the path it (and many other nations) have gone down.
 
MSM can't help themselves with stereotypical aspersions
Screenshot_20231128-085836_Chrome.jpg
 

Argentina's cabinet drops 60% in one day​


On his 1st day in office, President Milei signs an executive order, reducing government from 21 ministries to 9

Interior, economy, justice, infrastructure, foreign affairs, security & defense all stay

Education, healthcare, culture, women’s rights, etc, out
Screenshot_20231211-155755_Chrome.jpg
 
Dona Ferentes said:

Argentina's cabinet drops 60% in one day​


On his 1st day in office, President Milei signs an executive order, reducing government from 21 ministries to 9

Interior, economy, justice, infrastructure, foreign affairs, security & defense all stay

Education, healthcare, culture, women’s rights, etc, out
View attachment 167054
Click to expand...

Hmm, there's a few of those ministry positions that seem to be important. Health, education, transport.. Not sure why the women's ministry has a fist in the middle of it.
 
Top