Love these Buenos Aires corners, closest thing to Brasil’s botecos
"Never forget that the only thing a rich person will ever give you is more poverty."
— Eva Perón, while rattling her jewelry in a fur coat
“Nothing belongs to others”
That mindset has rekt Argentina 🇦🇷 multiple times in the past
They’re the same picture
“Rudeness is the weak man’s imitation of strength.”
— Eric Hoffer
“You sensed that you should be following a different path, a more ambitious one, you felt that you were destined for other things but you had no idea how to achieve them and in your misery you began to hate everything around you.”
— Fyodor Dostoyevsky (Netochka Nezvanova)
Countries that ban Bitcoin mining will fade into oblivion
Good to see a freedom win - bullish for Próspera 🇭🇳
I think we have just witnessed one of the biggest fuck ups in Milei’s admin so far. It is so bad that I think stocks and bonds could get rug pulled. WTAF was he thinking?
This is almost an open invitation for Kirchnerist to start a political trial and impeach him.
Central African Republic 🇨🇫 launched… a memecoin
“Matamos o tempo, o tempo nos enterra.”
(We kill time, time buries us)
— Machado de Assis (Memórias póstumas de Brás Cubas)
Lunch
Veggies 🥦
BD
Gm
📍Reserva Ecológica, Puerto Madero, Buenos Aires
Buen día
Gm
Argentina 🇦🇷 overview of the week:
- The Government stated before Congress that it could return to the markets in mid-2025 to issue debt "at reasonable rates." Although the country risk has decreased, it should continue to decrease so that the country can borrow at a rate of less than 10%.
- The dollars from the money laundering remain in the banks: only 10% of the total deposits entered were withdrawn
- Inflation: according to the Fundación Libertad y Progreso, the end of the PAÍS Tax could reduce the CPI by 0.6 points, although spread between December and January, and would help the Government to speed up the exit from the cepo (fx restrictions)
- The Government issued debt for $5.81 trillion pesos, covered maturities and obtained a surplus of $1.59 trillion pesos, which will go to the BCRA, to pay future maturities.
- The economy will likely drop less than 3% this year, exceeding the forecasts of the IMF (-3.5%) and the Government (-3.8%). The INDEC strongly adjusted the evolution of the economy upwards after the performance of the third quarter and the good data that are coming out this last quarter.
- Argentine companies estimate a salary increase of 48% in 2025, in line with inflation, and anticipate a reduction in the number of salary adjustments to an average of four per year, according to the report on Salary Increase Trends in Argentina (TISA) by the consulting firm Mercer
- Congress approved a project to prevent child gambling, with prohibitions on online betting advertising and requiring biometric verifications to block minors. The Association of Lotteries, Casinos and Quinielas of Argentina rejects the measure.
- Open skies: The Government authorized Paranair, a Paraguayan 🇵🇾 airline, to operate the Asunción-Córdoba route. With this decision, there were a total of four airlines authorized this week.
