Argentina just raised their interest rate to 40%
How can I take advantage of this, assuming I want to stomach some risk
please do not talk about crypto ffs
Argentina's WHITE Interest rates
crypto was literally invented to hedge against hyperinflation of centralized currency
How does a country manage to consistently fuck up so badly
Short their economy, meaning short argentinian ETFs in branches that tend to be dependant on credits such as any production
You can’t. Higher interest rates mean their currency will depreciate and the real interest rate will be the same as the one in your own country (+ a small risk premium).
OP, THIS
pic related
You stay the fuck away you dumbass.
Unless you are a drug lord why would you invest in south America?
when will spics learn that communism doesn't work?
so people can't access capital right? so if you bring in some capital you will be able to scoop up some of this delicious clay (and the white chicks living on it) for a nice little price