Aug. 26 at 11:44 PM
$GGAL Milei is expendable; he's a television showman, placed there by the powers that be to indebt the country with unpayable loans, which are then leaked, thus guaranteeing the dollar's price fluctuations between bands. Large investors positioned themselves in pesos, obtaining rates above 50% annually, then bought back the dollars at the price guaranteed by Caputo and withdrew. There are no more reserves left to sustain the carry trade... Game over.
