Quote: (03-09-2014 04:10 PM)portofmanteau Wrote:
Quote: (03-09-2014 01:38 PM)TravellerJay Wrote:
The ones who wanted to see the peso completely devaluated compared to dollar must be cracking their heads to walls.
Yes, peso devaluated but not like those vultures wanted.
I believe you can still make some gain but those who bought illegal dollars at 12 or 13, not the official market dollar that is actually frozen at 8, and wanted to get a ripping profit, lost money.
The peso will continue to devaluate. Devaluation is currently on pause now due to the current influx of dollars from the soy harvest, but the underlying structural problems and specifically the energy deficit will not be solved until vaca muerta is developed. You'll see 12-13 again very soon.
I dont think we will see it. It seems as if you are desperate to see it happening portofmanteau. 12 13 is the blue illegal market, is not the official one.
government coped with financial attacks of people who want nothing but to profit from despair, lack of employment, etc