MINUTEMapped: Interest Rates by Country in 2022

Visual Capitolist ^ | 21 Apr 22 | Dorothy Nuefeld

[delta7]

Mapping Interest RateS AROUND THE WORLDIN2022 MARKETS INA MINUTE The global economy is facing complex struggles, including inflation and the war in Ukraine. Against this backdrop, many countries are projected to rise interest rates over the course of 2022. Here's an early snapshot of global interest rates this year. Short-Term

[delta7]

The US is screwed, as is the world. Don’t ever think we can not become an Argentina, once called the “ US of South America “. Their decline- a currency crisis, unchecked inflation, and socialists elected into office. They had it all, cattle, stock market, food, retirement funds, 401ks, etc…till it was all nationalized.

[who_would_fardels_bear]

What's so bad about being Argentina?

They have chimichurri.

Yum.

[delta7]

Keep in mind, these figures are just before Biden weaponized the USD with historic sanctions . 30 year mortgage just hit 5.5 percent today, last year I was able to get a 1.75 percent 15 year….destruction of the housing markets, credit markets, banking industry and much more. Thank you Vegetable Joe and the war cheerleaders who bought into his Sanctions destruction.

For God’s sakes, wake up America.

[delta7]

What’s so bad about being Argentina?
———-
You will not be joking around in another year.

[BiglyCommentary]

All all grillers. Went to the wine festival in Mendoza a few years back and it was amusing to all the small grills along the road/walk to the stadium.

[thegagline]

Thanks. Interesting site.

[WoofDog123]

I have driven across arg., it boggles the mind just how rich in land the country is. the curious traveler begins to try to figure out why this is a third world place instead of a competing economic power with the US and western europe.

one learns that they were, sort of, 100 years ago. then they got this guy named Juan Peron in office....and they have never put the pieces together again. When I was there (pre-devaluation, 1:1 dollar peg still) even then it was called a kleptrocracy.

[WoofDog123]

at the time I dug this up, what I could figure was that a 1970 arg. peso would be worth hundreds of billions if not trillions of 2001 pesos. (source - bank book). I used to know the exact number.

[delta7]

have driven across arg., it boggles the mind just how rich in land the country is. the curious traveler begins to try to figure out why this is a third world place instead of a competing economic power with the US and western europe.
———
Thanks for posting. Same experience noted here ( I worked in SA for a few years). Since Vegetable heads historic sanctions and weaponizing the USD , I see an Argentina developing here easily, they only have 50:percent annual inflation…could be worse , Venezuela, 1500: percent.

[delta7]

If you recall it was inflation that got out of hand, then a currency crisis, then socialists elected, retirements, 401’s, etc then all nationalized, social give away programs, the stock markets always looked green- they were keeping up barely with inflation, ( just like here), …it all started around 2001/2 if I remember, they still have not pulled out.

They were called in the 80’s and 90’s the US of South America…..don’t ever think it will not happen here.

[WoofDog123]

right on all. i mean inflation in the 70s mainly. I looked this data up around 20 years ago, they had just broken the dollar peg. even then it was crazy. millions of 1970 pesos to make 1 peso when I looked.