Black Wednesday for Argentina and Brazil as selloff intensifies across emerging markets assets

Thursday, June 28th 2018 - 11:57 UTC

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Argentina’s benchmark MerVal stock index closed down 8.8% on Wednesday, its worst daily performance since early 2014, as concerns about trade tensions between the United States and China prompted a selloff across emerging market assets. Read full article

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:o))
REF: “selloff intensifies across emerging markets assets”:

Sensing the strong absense of the money which was very generously stolen from the masses? REF:
https://www.otempo.com.br/polopoly_fs/1.1861991.1530055017!image/image.JPG_gen/derivatives/main-charges-resize_620/image.JPG
Jun 28th, 2018 - 02:17 pm - Link - Report abuse 0
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Enrique Massot
Mauricio Macri and his Cambiemos alliance have managed to destroy, in just two and a half years, most of the improvements achieved by Argentina in the previous 12 years.

While Nestor Kirchner managed to reactivate the Argentine domestic economy, renegotiated its foreign debt and fully pay the country's debt with the IMF in less than three years, Macri has, in a similar length of time, succeeded to put the country on a steep slope to a catastrophic crisis that could mirror or exceed the 2001 default crisis.

Macri and his team of CEOs have shown an ineptitude to govern that is only matched by their notorious ability to make successful business operations for themselves, friends and associates.

Thus in a very short time, recipes such as “trickle down,” “free market,” and “rich CEO = good government” have been debunked in Argentina and Brazil's latest experiences.
Jun 28th, 2018 - 06:25 pm - Link - Report abuse -3
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