
Fernando Cao
@thefernandocz • 102,325 subscribers
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The government's finances were in complete meltdown: A massive 15% fiscal deficit (5% treasury, 10% central bank). The central bank had interest-bearing liabilities worth 4x the monetary base. Meaning: They could quintuple the money supply overnight if those debts came due. Hyperinflation seemed inevitable. Until Milei stepped in:
Fernando Cao846,464 次观看 • 1 年前

"We believe the concept of Apple producing iPhones in the U.S. is a fairy tale that is not feasible." Why? The economics are brutal. Higher-end iPhones would cost up to $3,500 each if made in America. That's double the current price. But Apple clearly got the message...
Fernando Cao517,229 次观看 • 1 年前

A quick summary: • Wholesale inflation: Plummeted from 54% to 2% monthly • Core monetary inflation: Down to 0.2% monthly • Poverty: Reduced from 57% to 46% • GDP: Recovered to December levels • Real wages: Growing above inflation But here's what makes it truly remarkable:
Fernando Cao661,139 次观看 • 1 年前