Now that the Fed is pumping U$30Bn in their direction things might (repeat might) settle down a little, but after the recent switchback ride in the Real I wouldn't bank on it.
The funniest reaction to the Fed bailout (ok ok "credit swaps lines") of Mexico, S. Korea, Singapore and Brazil has been in Argentina. The Argentines have been all "Why not us? Aren't we important enough? Hey, that's not fair!" over it all. Absolutely ridiculous, and kind of ironic that the $30Bn offered up to Brazil by the Fed almost exactly matched the $29Bn that Klishtina gets her hands on by decimating her country's pensions sector, isn't it? Argentina no es un pais serio..........
The funniest reaction to the Fed bailout (ok ok "credit swaps lines") of Mexico, S. Korea, Singapore and Brazil has been in Argentina. The Argentines have been all "Why not us? Aren't we important enough? Hey, that's not fair!" over it all. Absolutely ridiculous, and kind of ironic that the $30Bn offered up to Brazil by the Fed almost exactly matched the $29Bn that Klishtina gets her hands on by decimating her country's pensions sector, isn't it? Argentina no es un pais serio..........