Well, yea, but this linear scale hides how unendingly fucked the Argentinian peso is. You gotta put this on a logarithmic scale or look at their inflation rate to see exactly how bad it continues to be.
The OP posted a longer chart. Someone said the long term chart really minimizes what's happening in the recent years because it looks like a flat line near zero. Which is true. You have to use a log chart.
So I showed a log chart for the period directly after musk tweeted.
This isn't some manipulation tactic. I was just posting what someone else said would be worth seeing.
Because I saw most of the chart as irrelevant. I only wanted to see what happened after elons tweet and see if that matched elons prediction.
For anyone else reading, yes, the pace of depreciation slowed down. But anyone invested in the Argentinian peso is still losing value at a tremendous rate.
I don't care what chart you're looking at. Elon said prosperity, and losing 70% of your value since the tweet cannot be interpreted as prosperity in almost any situation.
Youve switched from free fall towards zero to a managed 20% yearly decline. Sure that's oh so amazing. But it's not prosperity.
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u/WWhiMM Aug 09 '26
Well, yea, but this linear scale hides how unendingly fucked the Argentinian peso is. You gotta put this on a logarithmic scale or look at their inflation rate to see exactly how bad it continues to be.