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Giuliano Giacaglia
@giu
Decline is a choice. That’s true in Argentina as well as in America! “Apparently it took Milei just 9 and a half weeks to balance a budget that was projected at 5% of GDP under the previous government. In US terms, he turned a 1.2 trillion dollar annual deficit into a 400 billion surplus. In 9 and a half weeks.”
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m00npapi🎩q/dau
@m00npapi.eth
1. It’s zerohedge (lol) 2. He defaulted on most of the debt, they’re starting the counter after that and then calling it a surplus 3. Argentinas poverty rate is skyrocketing (57%) - this headline could also read “budget balanced after half of population starves”
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Chukwuka Osakwe
@chukwukaosakwe
😂😂😂 this is why I almost got a degree in finance. The only place in the world where there are always at least two starkly different ways of seeing things and both are technically correct.
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Edgar Allan Poser
@edgarallanposer
The large poverty was already achieved by the previous governments though.
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Edgar Allan Poser
@edgarallanposer
Looks like it is not right what you're saying. No defaulting. Talks with IMF on help is very much different from defaulting on debt.
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Edgar Allan Poser
@edgarallanposer
Can you tell me where I can read about Milei defaulting on debt, I don't seem to find it, instead the opposite, that markets despite Argentina defaulting 9 times in the past, has improved confidence in them? https://www.reuters.com/world/americas/argentina-markets-double-down-milei-investors-start-believe-2024-02-23/
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