With international reserves in virtual free-fall, the black market peso rate plunging, and no sign for months that President Kirchner has any appreciation at all of the gravity of the situation, the country is in the advanced stages of another financial panic/meltdown. This will end badly, another chapter in the long history of Argentine financial crises extending back almost 100 years.
Read More »One can barely keep up with what is going on here in Argentina, since each day brings more 'new' government dictates, rules and initiatives which all seem to share the same features - dumb and dumber - and virtually all with guaranteed unintended negative consequences. Let me give you my on-the-ground insights of the lay of the land - of what is REALLY happening in Argentina - and about to happen! Words: 853
Read More »One can barely keep up with what is going on here in Argentina, since each day brings more 'new' government dictates, rules and initiatives which all seem to share the same features - dumb and dumber - and virtually all with guaranteed unintended negative consequences. Let me give you my on-the-ground insights of the lay of the land - of what is REALLY happening in Argentina - and about to happen! Words: 853
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