CURRENT EVENTS

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The U.S. Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the open market on Thursday, making good on President Donald Trump’s pledge to prop up the wobbling country and sending the peso and Argentine dollar bonds sharply higher.

“The U.S. Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets,” U.S. Treasury Secretary Scott Bessent said in announcing the actions on X.




Argentina’s 2035 bond rose 4.5 cents to trade at 60.5 cents on the dollar, while the peso closed at 1,418 per dollar, up 0.8% on the day after falling 3% earlier.

Local stocks rose 5.3% Thursday. Last month, they touched a 2025 low, days before Bessent’s initial support pledge. Argentine stocks traded in U.S. exchanges rallied 13%.

Bessent issued his statement at the end of four days of meetings with Argentine Finance Minister Luis Caputo that also involved officials from the International Monetary Fund. In April, the IMF granted Argentina a new $20 billion loan program.
 
altmin said:

The U.S. Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the open market on Thursday, making good on President Donald Trump’s pledge to prop up the wobbling country and sending the peso and Argentine dollar bonds sharply higher.

“The U.S. Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets,” U.S. Treasury Secretary Scott Bessent said in announcing the actions on X.




Argentina’s 2035 bond rose 4.5 cents to trade at 60.5 cents on the dollar, while the peso closed at 1,418 per dollar, up 0.8% on the day after falling 3% earlier.

Local stocks rose 5.3% Thursday. Last month, they touched a 2025 low, days before Bessent’s initial support pledge. Argentine stocks traded in U.S. exchanges rallied 13%.

Bessent issued his statement at the end of four days of meetings with Argentine Finance Minister Luis Caputo that also involved officials from the International Monetary Fund. In April, the IMF granted Argentina a new $20 billion loan program.
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All so Bessent's buddy Rob Citrone could make more money.
 
1moretimeagain said:
Small town, Alabama in the news.

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Let me be clear - what that Police Chief did was absolutely and completely wrong. Full Stop. But, if you are are going to sexually harass an employee, at least have the common decency not to do it while wearing a gun on your hip.
 
Wait. what the fuck? Qatar gets an air force facility in Idaho? What for? Why Idaho? Have we ever had a foreign country with any sort of military base on US soil? We have military bases outside of the US -- predominantly (if not exclusively) in countries we rebuilt or defended.

Remember when those goobers in Michigan were worried that a battery manufacturing plant was a front for the Chinese government? Now we have something that is literally the presence of a foreign country on US soil.
 
superrific said:
Wait. what the fuck? Qatar gets an air force facility in Idaho? What for? Why Idaho? Have we ever had a foreign country with any sort of military base on US soil? We have military bases outside of the US -- predominantly (if not exclusively) in countries we rebuilt or defended.

Remember when those goobers in Michigan were worried that a battery manufacturing plant was a front for the Chinese government? Now we have something that is literally the presence of a foreign country on US soil.
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I am guessing it was some condition of keeping our Qatari base after the Israeli bombings.
 
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