MercoPress. South Atlantic News Agency
JPMorgan-Chase describes Macri's Argentina as “a ray of sunshine” in the region
A growing number of foreign investors are signaling interest in Argentina following the pro-market turn that newly-inaugurated President Mauricio Macri started showing since taking office. The latest financial player to endorse the country as a promising investment destination was JP Morgan Chase, the largest bank in the United States, where current Finance Minister Alfonso Prat-Gay worked in the past. Read full article
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Disclaimer & comment rulesSorry, vestige, Dany, Marcos, and the rest of you in the Communist/Socialist sock drawer, as Chinese demand and investment fall - the US and EU become more important players.
Dec 29th, 2015 - 10:02 am - Link - Report abuse 0BTW, while we are at it - Justice for Nisman!!
Could be interesting as investors start losing money again. One month and everything has changed, eh? In a pig's eye.
Dec 29th, 2015 - 12:12 pm - Link - Report abuse 0@2 Like you are on the ground here to get an idea of whats going on.
Dec 29th, 2015 - 12:47 pm - Link - Report abuse 0@3 Well, I have been on the ground here for enough years to see how these little glimmers of hope and positive change are at best ephemeral and more realistically mere hallucination. But there is a lot of money to be made by financial advisors who sell positions that within a short while become nonperforming junk. We must never underestimate the ability and willingness of Argentina to dig its own grave and cut its own throat. Even now, CFK and her populist mob are sharpening their knives.
Dec 29th, 2015 - 01:00 pm - Link - Report abuse 0It's extremely hard to fight a trend. The trend for Argentina for the last 70+ years is down. It is known as a corrupt country, that reneges on deals as soon as they become inconvenient.
Dec 29th, 2015 - 01:33 pm - Link - Report abuse 0One Prez is not going to change any of that.
It needs a generation or two to show the world it is an honest and reliable place to do business.
All that will happen now is people will lend/invest and expect massive front end returns because the chance of getting paid back is still very low.
Endorsement of Prat Gay by his old mates touting for a nice chunk of 'advisory' business. In other words backscratching. Playing into the hands of Peronistas.
Dec 29th, 2015 - 03:09 pm - Link - Report abuse 0@6 The Voice,
Dec 30th, 2015 - 04:24 am - Link - Report abuse 0Endorsement by his old mates ... And a successful strategy perhaps?
They would be putting a lot of Investors' money on the line and risking their integrity, over such a controversial situation if they did not think it was true.
On the other hand, who else is going to point out that Prat - Gay's strategy and direction is creating optimism? Certainly not the SA neighbours and Socialists. Certainly not the Peronists like previous Finance Flunky Kicilorff, and we have already seen people shouted down for repeating reports from Arg, indie news sources like Clarin.
He hasn't been there 20 days - enough with the negativity.
@3. It's called perspective, sonny. Which country has 9% more land area? Which country has an extra 48% of population? Which country has 29% inflation? http://knoema.com/wgtxgoc/argentina-inflation-forecast-2015-2020-data-and-charts And which one is on 0.1%? http://knoema.com/wgtxgoc/argentina-inflation-forecast-2015-2020-data-and-charts Do you think it might be because we are so much better than you? That we don't spend 90% of our time whingeing? That we've known better than you for 200 years?
Dec 30th, 2015 - 02:05 pm - Link - Report abuse 0Why this is posted in the Brazilian section is not clear. Just another example of British incompetence I suppose.
Jan 05th, 2016 - 12:35 am - Link - Report abuse 0The problem with “top financial experts” is that these are the same people who where saying the same thing about Argentina during the Neo Liberal administrations of the 1990s - right up until the crash. It appears that they learned nothing from their errors WRT the RF. And, of course, they dumped on the administrations that managed to clean up the mess.
Ann these are the very same people who brought us the Great Recession. I cannot believe that anybody still listens to these idiots.
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