Peso Plunges Back to Record Lows As JPM Warns of “Disorder” As Notes Come Due…

IMF Bailout Talk

It appers that 1275bps of rate-hikes, hopes for an IMF bailout, and promises-promises from government are not enough to halt the capital flight from Argentina as the Peso just crashed back to a new record low over 23 per USD. With 7-day repo-rtates at 40.00%, still the currency is collapsing… Ironically, BNP Paribas says the […]

via Peso Plunges Back To Record Lows As JPM Warns Of “Disorder” As Notes Come Due — peoples trust toronto

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