The International Monetary Fund said in a statement Tuesday that it would"soon" send a team to Argentina. The statement came after the new economy minister said the government would do everything possible to stabilize the currency, following the August 11 primary-election result that rocked domestic markets. The IMF had planned to visit Argentina this week to complete a review as part of its disbursement process for the $56 billion loan with the country. Read more on Markets Insider.
The International Monetary Fund said in a statement Tuesday that it would"soon" send a team to Argentina. The statement came after the new economy minister said the government would do everything possible to stabilize the currency, following the August 11 primary-election result that rocked domestic markets. The IMF had planned to visit Argentina this week to complete a review as part of its disbursement process for the $56 billion loan with the country. Read more on Markets Insider.
More than the election result this is a sign of a missgovernment, they crashed every economic index since 2015.
Clearly we have another great sign for Argentina. If the IMF is in town that means another bailout is on the horizon and that default might be just around the corner. I'm staying far away from argentina, it's a fiscal house of card, not worth the pain. investment investing
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Argentina's opposition candidate says the country cannot pay IMF loan back, wants renegotiationAlberto Fernandez rocked markets last week when a poll installed him as a likely successor to Mauricio Macri. The United States won’t be bailing you out. Poor Globalists I say they find a way to cut costs until they can cough up the money! Maybe longer-term but no out! Expel all Argentinians from the country, and put it in sale, maybe Trump would want to buy it, instead Greenland.
Source: CNBC - 🏆 12. / 72 Read more »
Ray Romano to Host IMF Comedy Celebration Headlined by Patton Oswalt, Demetri Martin and MoreThe October event will also feature sets by Kevin Nealon, Mary Lynn Rajskub and Amanda Seales.
Source: THR - 🏆 411. / 53 Read more »
Asia stocks set to trade mixed as Treasury yields bounce higherStocks in Asia were set to trade mixed on Monday as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.
Source: CNBC - 🏆 12. / 72 Read more »
Argentina's opposition candidate says the country cannot pay IMF loan back, wants renegotiationAlberto Fernandez rocked markets last week when a poll installed him as a likely successor to Mauricio Macri. The United States won’t be bailing you out. Poor Globalists I say they find a way to cut costs until they can cough up the money! Maybe longer-term but no out! Expel all Argentinians from the country, and put it in sale, maybe Trump would want to buy it, instead Greenland.
Source: CNBC - 🏆 12. / 72 Read more »
Why a Yield-Curve Inversion May Be Good News for This Lagging Stock SectorLast week’s yield-curve inversion might have been a good sign for the stock market’s biggest laggard this year: energy stocks. Stay the course. Don't get upset by drastic market swings. SecretaryPerry EnergyPress ENERGY BeaverCtyPa NETL_DOE AWEA SenCortezMasto Cagovernor HollyJMitchell nickmelvoin MsPackyetti SenToniAtkins SenFeinstein JoeBiden JenSiebelNewsom AndrewScheer jfrobergeQc francoislegault JustinTrudeau
Source: WSJ - 🏆 98. / 63 Read more »
The ‘Moneyball’ A’s Find a New Inefficiency: Other Teams’ PlayersFor two decades, the Oakland A's have been the model for how to build a winning baseball team through the farm system. Suddenly, they've flipped that script. Winning? Remind me again how many playoff series they won the last 20 years? I'll wait. It was a novel approach that, unfortunately, didn’t work for them. But it did give us a fairly entertaining movie so there is that.
Source: WSJ - 🏆 98. / 63 Read more »