The scene might seem a parody, but it happened in central public TV schedule. Antonio Aracre, The former Chief of economic Advisors of Alberto Fernández, recycled in Libertarian of occasion, He stopped in front of the camera and explained, step by step, How to do Carry Trade. Yes, in the state channel, in the middle of the crisis and with a country that does not arrive at the end of the month, the government decided Convert the financial bicycle into educational content.
It happened in The mornings with Andinothe official cycle that usually function as a resonance box of the latest libertarian occurrences. There Aracre appeared and explained what it is to bet on rates in pesos, while the dollar floats between bands. “You sell dollars, you make a fixed deadline in pesos, and then buy again tickets”, summarized.
https://geo.dailymotion.com/player/xt5ee.html?video=x9iejk6
Bicycle for few
The Carry Trade- that according to the manuals it is about taking advantage of the differentials of interest rates and exchange rates- was presented in the public TV as “A domestic savings option, for which money is left over and has it down the mattress.” Of course, Arachre’s example included $ 100,000 to start. In a country where more than 50% of workers charge less than 500 thousand pesos, the data was not lower.
“If everyone does carry, can I do it?” The economist was rhetorically asked, before clarifying that the maneuver has risks. And to bleach their faith in which the government will maintain the Dollar on the band of the band-Mil pesos-for six months. As if that exchange control was not, precisely, what Milei swore to destroy.
In networks, the scene soon went viral. “They teach you on TV to make Carry Trade. Produce or ask for a loan loan does not enter the economic program “a user wrote.
Meanwhile, on the public screen, the bicycle continues to turn.
