Salvador Di Stefano, known as the Guru of the Blue Dollar, is again surprised by statements in Rivadavia, which called more than one restaurant or wow!. The analyst, known for his bold predictions, expected an unprecedented scenario for Argentina: the dollar is below $ 1,000, there was never deflation, a monthly inflation of 1% in September or October and the Harvest of Soy, which will lead to an “impressive liquidation of dollars”.
1. “The dollar reaches a thousand … and can go to 900 and peak”
The first bomb of Dee Stefano was stunning: “The dollar is on the way to a decrease to 1000,” he said. Its forecast was based on two key factors: a state budget excess and an agreement with the International Monetary Fund (IMF), which, according to him, will allow local enterprises to gain access to external financing. “If Argentinean companies begin to receive loans from the border, those 1000 million that they now receive together will be transformed at the level of $ 10,000 million. This means that the entrance to dollars, ”he said.
In addition, he emphasized that the government allowed trade for foreign investors, a practice that, as he remembered, attracted $ 27,000 during the government of Maurisio Macri. “If 5000 million is entering now, the dollar will look for 1000,” he said. But he did not stop there: he mentioned that the exchange group, predicted by the central bank, involves a gradual decrease. “In October, when they became elections, the dollar can be in 942,” he said, causing an exclamation of surprise among journalists. “After 10 months, he can reach $ 895,” he added.
2. “We must get used to deflation: that no one lived”
The second forecast was even more unexpected: Argentina, according to him, would face the deflation script. “We never lived something like that, neither you, nor I, nor those who listen,” he warned. According to Dee Stefano, the reduction of the dollar will reduce the costs of imported goods from cars to skateboards. “If the imported car cost $ 20 million, and the dollar is declining, what are the importers doing?
“All products with imported components will have to adjust. This is an unknown scenario with questions that need to be put on the table, ”he added.
3. 1% inflation for September or October: “Miley puts it with his hand”
The third forecast was both temporary and political: di Stefano expected that monthly inflation would fall to 1% from September to October, which coincides with the voter calendar. “Today is 3.7%, but the influence of monetary measures is from 18 to 24 months,” he explained. For an official purpose, he initiated: “Milei puts it with a hand”, due to pressure, to show the results before the elections.
4. Harvest of Soy: “Impressive settlement in dollars”
The fourth forecast arose as a result of “street” observation. Dee Stefano said that, traveling along the routes of Santa -Fe, he saw “an impressive number of trucks heading to the port.”
“Soyu crop will be impressive. This is the University of Streets: Be careful because there may be a very strong elimination of the field, ”he expected. According to their analysis, exporters will accelerate sales from the expectation of a lower dollar, generating a huge currency exchange.
Reactions in the study: “On the ball!”
Every time Dee Stefano launched his forecasts, Rivadavia journalists could not hide their surprise. When he mentioned the dollar to $ 942, exclaimed: “For the ball!” Another, having heard the possibility of deflation, questioned: “Are you saying?”, Are looking for confirmation. The analyst, however, remained firm: “I am not saying this, says the central bank.”
Dee Stefano closed his speech with a warning: “You must prepare for payment with the help of $ 1,000 and not be surprised if it decreases.”