Tuesday, October 21, 2025

Very Stable Genius

There are a few reasons why propping up the Argentine Peso isn't likely to work (hitting record lows, again). One reason is that the entire point of promising a backstop is that it's a credible, sustained commitment. The value isn't just the money itself, but the promise of the money. Trump going out there and saying he might yank it soon does not provide that!

I'm not sure how "we" are going to buy more beef from Argentina - unsure who the "we" here refers to - but cattle ranchers are going to love this!
ABOARD AIR FORCE ONE (AP) — President Donald Trump said the United States could buy Argentine beef in an attempt to bring down prices for American consumers.

“We would buy some beef from Argentina,” the Republican president told reporters aboard Air Force One during a flight from Florida to Washington on Sunday. “If we do that, that will bring our beef prices down.”