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by sofixa
237 days ago
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> FX is magic beans? > Although, to be fair, I can see the perspective that argentine _debt_ is magic beans funded by hopes, wishes, and the IMFs argentine refinancing. Exactly. FX isn't magic beans. The currency of a country that has defaulted more time than anyone cares to remember is magic beans though. There is a reason for the old saying "There are 4 types of economies - developed, developing, Argentina and Japan". |
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