Argentine Stocks Continue Crash After Last “Moderate Voice” Resigns

The Argentina MERVAL stock index is down 16.5% since 
yesterday’s news of the resignation of the last voice of reason among Argentina’s policy-makers. As
yesterday’s news of the resignation of the last voice of reason among Argentina’s policy-makers “this is not a good sign” and indicates a worrying escalation in the chances of hyperinflation..

 

 

 

This is the MERVAL’s worst 2-day drop in 6 years.

“Fabrega was perceived to be a moderating voice and someone that really understood financial market dynamics.”

What some money-printing gives, too much money-printing takes away…