Argentina: Default watch

No person/administration is perfect, but the article (which is nine month old) does note that

  1. inflation is down sharply
  2. poverty has been cut in half
  3. the housing shortage has eased
  4. the first government surpluse in many years
  5. increased investments in energy & raw materials
    Also, real wages are up noticablely.

The article then mentions the negative of recession. That may have been a problem last year, but the OECD notes a “strong economic recovery is underway”.

Unemployment in Q1 did increase, up 0.2% year over year. The article then mentions the possibility that the inflation reduction and fiscal restraint might not last – but then again they might. Time will tell. So far, so good.

DB2

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At the card table, he was dealt a horrible hand. As a player, he is worthless.

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