Argentines Flock to Black-Market US Dollars as Economic Woes Mount

AtomicPiss

https://msn.com/en-us/finance/markets/argentines-flock-to-black-market-dollars-as-economic-woes-mount/ar-BB136Cm0

Swaye

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

Pitchfork51

Swaye said:

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

No. It will usher in a glorious age of socialism

AtomicPiss

Pitchfork51 said:

Swaye said:

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

No. It will usher in a glorious age of socialism

and China will be circling Central and South America like a vulture

UW_Doog_Bot

Swaye said:

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

It's going to ass-rape economies across the world and that's putting it lightly. Luckily, as I've mentioned elsewhere and as this example illustrates, US dollars and treasuries are IT. The US is probably the only economy that has a chance of reasonably weathering this as simply a "normal" recession other than I guess maybe Sweden?

The Fed could QE another 5 trillion and demand won't blink imo. Everyone in the world is rushing into dollars as the reserve currency because what else is there that's a stable hold of value? If anything, the FED is going to have to continue to print money just to keep liquidity in the markets as everyone holds their dollars. We MIGHT get inflation on the back end of that as everyone unloads their cash when things settle but I doubt it will be the kind we worry about since their will be a lot of deflationary pressure at the same time.

My major concern is that loads of this printed money is going to go to Wall Street, major banks, government entities, and major corporations which will exacerbate the wealth gap while main street is seriously in trouble from this. That in turn could lead to more populism and calls for socialism despite the fact that this is, in fact, how socialism works.

I wonder what @insinceredawg's thoughts are on the matter. I'm sure it's as deep as something HH or Bearswiin has on international monetary economics.

dnc

DerekJohnson said:

Pitchfork51 said:

Swaye said:

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

No. It will usher in a glorious age of socialism

and China will be circling Central and South America like a bat

PurpleThrobber

DerekJohnson said:

Pitchfork51 said:

Swaye said:

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

No. It will usher in a glorious age of socialism

and China will be circling Central and South America like a vulture

Like fuck they will.

Invacion!!!

UW_Doog_Bot

Weird silence in this thread from all of our resident economic experts.

GrundleStiltzkin

dnc said:

DerekJohnson said:

Pitchfork51 said:

Swaye said:

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

No. It will usher in a glorious age of socialism

and China will be circling Central and South America like a bat

dnc

GrundleStiltzkin said:

dnc said:

DerekJohnson said:

Pitchfork51 said:

Swaye said:

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

No. It will usher in a glorious age of socialism

and China will be circling Central and South America like a bat

I thought you were gonna go with this

GrundleStiltzkin

dnc said:

GrundleStiltzkin said:

dnc said:

DerekJohnson said:

Pitchfork51 said:

Swaye said:

Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?

No. It will usher in a glorious age of socialism

and China will be circling Central and South America like a bat

I thought you were gonna go with this

So much for the Straight Outta Tha Lab correction.

HoustonHusky

Argentina going bankrupt is a 4 year reoccurring phenomenon...I love the fact that they defaulted on the bonds they issued in 2016 to get out of their last default. And they issued 100 year bonds with a straight face...and people bought them. Its a mess there...a simple example is power. As part of the market reforms people were going to have to actually pay power bills based on what they used at market prices. They hated it. When you are working with that mentality there is not much you can do...

MikeDamone

A multi year world wide depression will be worth it if it saves 1 obese 81 year old form dying this year of a a certain virus.

But TRUMP SAID INJECT LYSOL. derp derp

UW_Doog_Bot

@insinceredawg thoughts? Come on dazzler jr. it's time for some original thinking.

ThomasFremont

MikeDamone said:

A multi year world wide depression will be worth it if it saves 1 obese 81 year old form dying this year of a a certain virus.

But TRUMP SAID INJECT LYSOL. derp derp

Trump can’t control a natural disaster/pandemic from happening. He CAN control the stupid shit that spews out of his mouth.

Other than that, great job pushing your little “rooting for an economic depression” narrative.

I thought you were against lies???

doogie

You deserve Joe Biden as your leader

ThomasFremont

doogie said:

You deserve Joe Biden as your leader

No. I don’t.

WestlinnDuck

Sure you do. Keep rooting for the away team. Trump deserves re-election just based on his opposition to the chicoms alone.

RaceBannon

Nobody ever makes an argument in favor of Joe

PurpleThrobber

UW_Doog_Bot said:

@insinceredawg thoughts? Come on dazzler jr. it's time for some original thinking.

The use of "Dazzler" has a royalty-free period of usage right now. At least until the VID scare is over.

It's the least I can do. No, really, I can't do much less than that even if I tried (or didn't try hard as the case may be).

Sledog

RaceBannon said:

Nobody ever makes an argument in favor of Joe

But the guzzlers will vote for him in lock step obedience.