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Argentine Stocks Continue Crash After Last "Moderate Voice" Resigns

The Argentina MERVAL stock index is down 16.5% since yesterday's news of the resignation of the last voice of reason among Argentina's policy-makers. As we noted previously, "this is not a good sign" and indicates a worrying escalation in the chances of hyperinflation..

 

This is the MERVAL's worst 2-day drop in 6 years.

"Fabrega was perceived to be a moderating voice and someone that really understood financial market dynamics."

What some money-printing gives, too much money-printing takes away...