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Montevideo, June 27th 2019 - 10:23 UTC
Monetary policy tightening in advanced economies will cause volatility in international markets this year and impact the monetary situation of some emerging economies, IMF Managing Director Christine Lagarde cautioned on Wednesday. Read full article
In other words the money is on the move. As the advanced economies recover and grow, currencies will fall in emerging economies, increasing inflation. Not good news for Argentina as if it needed any more bad news.
What will concern them is that their fate rests to an extent in the hands of a massively powerful financial institution, the US Federal Reserve, over which they have no influence and which has no responsibility to take account of their needs.
The party of cheap money in the world is not over but the tendency is reverting and the booze is starting to run out and the people are leaving.... Bolivia and Argentina should become efficient and do the painful changes that need to be done urgently and abandon populism and corruption for good... Why is it that the worst ever government of Argentina had by chance the coincidence of existing during best international context in more than 100 years?? 900.000 million USD that came into the Argentine state coffers in the last 10 years, ALL GONE
Your comment is the most sensible one I have read for a time.
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