• Argentina seems to be the first victim of a more difficult international climate for emerging markets.
• In a way, this is somewhat surprising as the country isn’t on the brink of a default and there aren’t bank runs and the economy still grows, this isn’t 2001.
• However, there are no easy solutions and should the more difficult climate, with a higher US dollar and higher US rates continue, it’s unlikely to be the only victim.

Source: Argentinian Canary In The Coal Mine? | Seeking Alpha