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CURRENCY MARKETS


Argentina Hoping Future Bush Misstatements Can Spur Economy

Following the flap over President Bush’s statements regarding the Japanese economy, government leaders from Argentina are now placing their hopes in Mr. Bush also making some inaccurate comments about their economy in order to prop up the beleaguered Argentine peso.

The American president sent the Japanese yen spiraling on currency markets this Monday when he mistakenly used the word ‘devaluation’ instead of ‘deflation’ during a diplomatic stopover in Tokyo.

According to the argument the Argentines are currently proposing, if Mr. Bush’s remarks can do unwarranted harm to an economy overnight, then they can also turn one around in no time as well.

Thus the Argentines believe that by sending Mr. Bush a number of seemingly ambiguous statements in the coming days they can confuse international currency traders into raising the price of the foundering peso.

Fortunately, postdocme.net has managed to obtain the following statements which the Argentine government has sent in a letter to Mr. Bush for potential misuse:

1) The Argentine economy is based on strong/wrong principles.

2) Your financial strategy is deserving of a major loan/groan.

3) Your currency is as solid/squalid as a rock.

4) Which way to the Buenos Aires Bourse/Golf Course?

5) How can I invest/wrest my money in/from Argentina?

6) I am a big fan of the Argentine peso/tango.

7) As my father would say, this is can-do/voodoo economics at its best.

8) Already your country has made many profound/unsound changes to its fiscal policy.

9) Americans will really value/eschew your products when they come on the market.

10) I can’t wait to go to South America. It’s going to be one heck of a bash/crash.


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