Economy Argentina just suffered the 2nd-biggest crash since 1950 for any stock market

Discussion in 'The War Room' started by VivaRevolution, Aug 13, 2019 at 7:56 PM.

  1. VivaRevolution

    VivaRevolution Whoopin' Belt Yellow Card

    Joined:
    Feb 2, 2016
    Messages:
    28,882
    Likes Received:
    34,229
    Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis



    Argentina is teetering on the brink of a financial crisis after its current leader, President Mauricio Macri, was defeated by a left-wing opponent in the country's primary elections over the weekend by a greater than expected margin.

    The stunning loss sent Argentine markets reeling. The S&P Merval Index plummeted 48% Monday, the second-largest single-day drop in any global stock market since 1950, according to Bloomberg. The Argentine peso also declined, losing 15% of its value against the US dollar Monday and falling further Tuesday to a new low.

    Investors fear that if Macri doesn't win a second term in October, the opposing team of left-leaning Alberto Fernández and his running mate — the former leader Cristina Fernández de Kirchner — will undo the progress Macri has made to regain the trust of investors in Argentina and abroad.

    https://markets.businessinsider.com...rket-rout-election-surprise-2019-8-1028443209

    ___________________________________

    I was wondering if anyone could help me understand which principle of economics is at play here?

    Because this looks to me like bankers crashing an economy because they dont like who won the election.

    As a Bernie Sanders fan, let's say I am concerned with this.

    Let's also just say prepare for this thread to be bumped if Sanders wins the presidency, and the market crashes.

    Discuss.......
     
    Ultra O’Dia and Stoic1 like this.
  2. Sketch

    Sketch ?.?.?.?.?.?

    Joined:
    Mar 13, 2007
    Messages:
    28,232
    Likes Received:
    24,967
    Location:
    .....
    "Because this looks to me like bankers crashing an economy because they dont like who won the election."

    Bingo.
     
  3. 7437

    7437 Gold Belt

    Joined:
    Jun 29, 2013
    Messages:
    22,027
    Likes Received:
    17,353
    Time for treason charges and executions.
     
  4. VivaRevolution

    VivaRevolution Whoopin' Belt Yellow Card

    Joined:
    Feb 2, 2016
    Messages:
    28,882
    Likes Received:
    34,229

    International bankers.

    Does that make them terrorists?
     
    KaNesDeath and 86'd like this.
  5. Cubo de Sangre

    Cubo de Sangre President of the War Room Double Yellow Card

    Joined:
    Mar 3, 2014
    Messages:
    40,181
    Likes Received:
    43,606
    Location:
    Hell
    @JonesBones, you in on Argentina? Sounds like shit's on discount.
     
  6. Last Samurai

    Last Samurai Gold Belt

    Joined:
    Aug 22, 2009
    Messages:
    18,641
    Likes Received:
    4,914
    Location:
    en route
    Yes, put them in Guantanamo
     
  7. VivaRevolution

    VivaRevolution Whoopin' Belt Yellow Card

    Joined:
    Feb 2, 2016
    Messages:
    28,882
    Likes Received:
    34,229
    Or maybe wait for a wedding.
     
  8. Headkicktoleg

    Headkicktoleg Steel Belt

    Joined:
    Jul 19, 2014
    Messages:
    31,113
    Likes Received:
    68,669
    Location:
    Raleigh, NC
    Why? if they don't think they will make money they pull out. What's wrong with that?
     
    Cuzcatlan likes this.
  9. NoDak

    NoDak [ [ God Money ] ] Yellow Card

    Joined:
    Jul 26, 2018
    Messages:
    7,196
    Likes Received:
    12,726
    Location:
    Rooftop
    Space Jews.
     
    TeamVamos, A.C., Kafir-kun and 6 others like this.
  10. VivaRevolution

    VivaRevolution Whoopin' Belt Yellow Card

    Joined:
    Feb 2, 2016
    Messages:
    28,882
    Likes Received:
    34,229
    Sounds like terrorism. Causing death for political reasons.
     
    86'd and Fronk like this.
  11. Headkicktoleg

    Headkicktoleg Steel Belt

    Joined:
    Jul 19, 2014
    Messages:
    31,113
    Likes Received:
    68,669
    Location:
    Raleigh, NC
    seems like a normal effect of globalism. Why would some dude in Europe or Asia or the US care about the Argentina economy if he can make some money.
     
  12. ocfightfan

    ocfightfan Gold Belt

    Joined:
    Oct 13, 2006
    Messages:
    21,862
    Likes Received:
    10,949
    Location:
    In the lab with Jon Jones B sample
    Why would any sane investor put his money into a country where it's likely to be stolen and then he will be demonized for expecting a return on his investment?
     
    Cuzcatlan, Mcountry and Rod1 like this.
  13. VivaRevolution

    VivaRevolution Whoopin' Belt Yellow Card

    Joined:
    Feb 2, 2016
    Messages:
    28,882
    Likes Received:
    34,229
    Shitty CT.


    Board of Directors
    The Board is responsible for determining the strategic and policy direction of the BIS, supervising BIS Management, and fulfilling the specific tasks given to it by the Bank's Statutes. It meets at least six times a year


    Chairman: Jens Weidmann, Frankfurt am Main

    Roberto Campos Neto Brasilia
    Mark Carney London
    Shaktikanta Das Mumbai
    Alejandro Díaz de León Mexico
    Mario Draghi Frankfurt am Main
    Stefan Ingves Stockholm
    Thomas Jordan Zurich
    Klaas Knot Amsterdam
    Haruhiko Kuroda Tokyo
    Juyeol Lee Seoul
    Stephen S Poloz Ottawa
    Jerome H Powell Washington
    François Villeroy de Galhau Paris
    Ignazio Visco Rome
    John C Williams New York
    Pierre Wunsch Brussels
    Yi Gang Beijing

    https://www.bis.org/about/board.htm


    These are the most powerful people in the world.

    These are the people who tell the FED, and ECB what to do.
     
    Zer and 86'd like this.
  14. VivaRevolution

    VivaRevolution Whoopin' Belt Yellow Card

    Joined:
    Feb 2, 2016
    Messages:
    28,882
    Likes Received:
    34,229
    Because he might get charged with terrorism, and win a terrorist prize?
     
  15. 7A7

    7A7 White Belt

    Joined:
    Oct 25, 2012
    Messages:
    149
    Likes Received:
    57
    Because some of us care more about people then a piece of paper.
     
  16. Headkicktoleg

    Headkicktoleg Steel Belt

    Joined:
    Jul 19, 2014
    Messages:
    31,113
    Likes Received:
    68,669
    Location:
    Raleigh, NC
    apparently you're wrong.
     
    Ultra O’Dia and Mcountry like this.
  17. Javelina

    Javelina Yellow Card Yellow Card

    Joined:
    Dec 4, 2006
    Messages:
    4,895
    Likes Received:
    1,995
    Location:
    Texas
    i like their beef and wine....



    and womenz
     
    Cuzcatlan, Sketch and 7437 like this.
  18. 7437

    7437 Gold Belt

    Joined:
    Jun 29, 2013
    Messages:
    22,027
    Likes Received:
    17,353
    Yes
     
    Fronk and VivaRevolution like this.
  19. Trotsky

    Trotsky Yellow Card Yellow Card

    Joined:
    May 20, 2016
    Messages:
    21,002
    Likes Received:
    52,817
    @Jack V Savage and @kpt018 Remember when you guys called me CT-y for referring to the prospect of an economic contraction caused by capital's hostile response to a left-wing candidate?
     
  20. Anung Un Rama

    Anung Un Rama Idol of Millions Platinum Member

    Joined:
    Oct 16, 2009
    Messages:
    67,817
    Likes Received:
    62,555
    Location:
    Osgiliath
    This is crazy, i was just recommending Argentina to a friend as a vacation option.
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.