Yesterday, while I was writing my post about the currency crisis, the government held a garage sale and they were selling dollars.
Argentina's peso closed steady Wednesday due to a massive central bank dollar sale, but bonds fell for an 11th consecutive session due to continued concerns over a government plan to take over private pensions.
Just thought the timing was kind of funny.
Basically, investors flocked to the dollar fearing that the Argentine´s nationalization of the nation´s private pension funds was a money grab to keep the country from defaulting on its debt.
Argentina just can´t get a break, sort of like McCain these days.
Meanwhile I am still waiting for the price of chocolate, butter, eggs, transportation, etc. to go down... any day now.