ARGENTINA FINANCIAL COLLAPSE

ARGENTINA FINANCIAL COLLAPSE
Write a comment

Argentina is experiencing sudden, dramatic financial collapse, right now (10:56 AM EDT 12 August 2019).   The Argentine Peso is down by more than thirty percent (-30%) against the US Dollar and Argentine stock prices have PLUMMETED ~50% today alone!

After the triumph of Leftist/Communistic Alberto Fernández (Front of All) in the primary elections, the dollar today skyrocketed more than 30% and reached record highs against the Argentine Peso.  High volatility and price variations are causing some banks to offer the currency above $ 61 at 11.10.

REMINDER: YOU can keep this web site FREE to the General Public by clicking one or more of the 12 ads below which generates Advertiser revenue of two to three cents per click - no purchase necessary by you -- and helps offset operating costs for this web site.

 

 

STOCKS CRUSHED

Meanwhile, Argentine corporate stocks are being CRUSHED in markets:

BBVA Banco Frances S.A. ADR 5.00 -7.05 -58.51% 2,181,967 10.91M
SUPV Grupo Supervielle S.A. ADR 3.28 -4.38 -57.18% 5,348,091 17.54M
EDN Empresa Distribuidora y Comercializadora Norte S.A. Cl B ADR 8.02 -10.68 -57.11% 163,905 1.31M
LOMA Loma Negra Compania Industrial Argentina S.A. ADR 5.62 -7.26 -56.37% 2,431,441 13.66M
CEPU Central Puerto S.A. ADR 3.915 -5.045 -56.31% 1,181,244 4.62M
PAM Pampa Energia S.A. ADR 16.59 -18.53 -52.76% 1,968,323 32.65M
BMA Banco Macro S.A. ADR 37.59 -38.89 -50.85% 2,705,708 101.71M
TGS Transportadora de Gas del Sur S.A. ADR 8.65 -7.13 -45.18% 1,008,026 8.72M
IRS IRSA-Inversiones y Representaciones S.A. GDR 6.01 -4.15 -40.85% 161,147 968,493
TEO Telecom Argentina S.A. ADR 10.3099 -5.3901 -34.33% 466,804 4.81M
VIST Vista Oil & Gas S.A.B. de C.V. ADR 5.87 -2.83 -32.53% 92,914 545,405

The red-colored stock values reflect the drop in price FROM FRIDAY; one business day! ! ! ! 

This is real-time economic collapse taking place in Argentina.

As this article goes published, the contagion is spreading.  The Mexican Peso is now also dropping rapidly against the US Dollar.

Yesterday, this web site published COVERT INTELLIGENCE indicating the real cause of troubles in Hong Kong, and how the script has been written to cause global economic wipeout.   That story (HERE) is still available to subscribers who support this web site with $1 a week, billed quarterly ($13) HERE

There's a reason people pay to read the content of this site; it is the first source for the most important news of our time.  Are YOU Subscribed?

 

REMINDER: YOU can keep this web site FREE to the General Public by clicking one or more of the 12 ads below which generates Advertiser revenue of two to three cents per click - no purchase necessary by you -- and helps offset operating costs for this web site.

Say something here...
You are a guest ( Sign Up ? )
or post as a guest
Loading comment... The comment will be refreshed after 00:00.

Be the first to comment.