Global Credibility Under Pressure - We've been Tangoed!
This morning's headlines are screaming how Argentina and President Mauricio Macri have precipitated yet another crisis on the stressed geopolitical battlefront… Relax. We are more th
Argentina - Since taking office in December 2015, President Mauricio Macri created socio-economic crisis conditions by serving privileged interests exclusively at the expense of the public welfare.
Cities in Argentina were without public transport, school classes, garbage collection, banks and health services on Wednesday in the nation's fifth general strike.
The General Confederation of Labor (CGT) began a 24 hour general strike at midnig
Three days after we listed "five reason for the weakness of the Argentina economy", the market is officially freaking out about the country which for much of the past year has been a ward of the IMF (again), and on Wednesday, investors pounded the AR
With inflation soaring (and forecast to accelerate further), the Argentine Peso has plummeted the last few days even as the central bank raised 7-day Leliq rate to 51.862%, according to two people with direct knowledge.
It appears the market is willing to test BCRA's mettle as it pukes pesos down to a new record low against the greenback and pushes towards the bottom of its new "no intervention" band.
On May 11, three days after Argentina secured a $50 Billion IMF bailout - the largest in the fund's history - we jokingly noted that with the peso resuming its slide, an indication the market did not view the IMF backstop as credible, the ECB would n
Mauricio Macri's presidency was meant to lead Argentina out of a dismal period of debt defaults, currency controls and recession. But, as Bloomberg reports, markets show investors are losing faith in the new dawn for South America's second-larges
A recent New York Times piece has sounded the alarm over what Washington perceives as China's "expanding reach into Latin America," related to a space mission control center located in the heart of the Patagonia region of Argentina.
Update: Less than two hours after BCRA's old chief quit and the new chief prompted a 4% ramp in the peso "due to his credibility", the currency has collapsed back to its record lows once again...
Last night, Argentina got 50 billion pieces of good news, when the IMF agreed to provide the troubled Latin American nation with a $50BN standby loan, the largest even in IMF history.
Last night, Argentina got 50 billion pieces of good news, when the IMF agreed to provide the troubled Latin American nation with a $50BN standby loan, the largest even in IMF history.
Justin's note: Argentina is teetering on the edge of a full-blown crisis.
Its currency, the peso, is in free fall. Inflation is skyrocketing. And foreign investors are fleeing the country.
The economic collapse of Argentina in 2001 is the stuff of prepper legends. For years, it was the example that we pointed to when trying to convince others that, yes, it really can happen. (Now, of course, that example has been replaced by the dramat
Last June, in one of the most egregious displays of economic insanity, Argentina was able to raise $2.75 billion by selling bonds with a ONE HUNDRED YEAR maturity.
Over half a ton of cannabis was found to be missing from a police warehouse in the town of Pilar, about 50 miles outside of the Argentine capital city of Buenos Aires.
The Argentine navy has rescued four US scientists and a contractor from an Antarctic camp after the US icebreaker due to pick them up could not reach them because of thick sea-ice.
At the same time, Hugo Chávez was elected in Venezuela. The message of Chávez was diametrically opposed. It would be soon clear that the exhausted neoliberalism was going to be replaced across the region by a new wave of populism.
Argentina is in the running along with Chile to be the site of a new data center for Amazon.com Inc. in South America, according to people familiar with the matter, a sign of President Mauricio Macri's success in bringing the nation back into the g
Argentinians breathed a collective sigh of relief Saturday night after authorities revealed that the crew of a missing submarine had attempted to make contact for the first time since communication with the sub suddenly ceased on Wednesday.
Less than half the country trusts the media. Most people consider the mainstream media a bunch of biased hacks who aren't to be trusted. In this increasingly acrimonious environment, it's hard to know just what to believe.
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