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Start Crying For Argentina

September 4th, 2018 · No Comments

  • Argentina’s public spending spree is finally catching up with the country.
  • By liberalizing the capital account before taking care of the fiscal and current account deficits, the present government has made things worse.
  • Now it has no choice but embark on a brutal fiscal adjustment and the economy will tank.
  • And it could get considerably worse if it doesn’t regain credibility in the markets, there are various vicious cycles operating.

Source: Start Crying For Argentina | Seeking Alpha

Tags: Emerging Markets