BowTiedMara - Argentina & Geoarbitrage

BowTiedMara - Argentina & Geoarbitrage

Bipolar Bankers

Investment grade on Wednesday, recession on Friday. Meanwhile, Argentines kept buying dollars at the fastest pace in twenty years.

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BowTiedMara
Sep 29, 2026
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Welcome Avatar! Tensions are mounting in this pre-election year, where JP Morgan first came out telling the press that Argentina is on its way to investment grade, and just a few days later that same bank decided Argentina was heading for a recession.

Meanwhile Argentines are just responding to the ebbs and flows of their economy the way they know best: buying crispy US tokens from their banking apps, since there are no more restrictions for doing so.

This article will go over both stories: bipolar Morgan and the latest developments in bimonetary savings accounts. They do not quite agree, and the gap between them is where the 2027 election will be decided.

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