Face it: Argentina is out of money.
If Argentina possessed the dedication to logic and collective will to do something so drastic, they would not be in this predicament in the first place.
Three interest rate hikes in one week, to 40%, imply the first two didn’t work, and the Central Bank is not in control.
The incredible credibility conundrum.
How do you know when inflation is about 40%?
A collective reckoning? A painful but unavoidable come-to-Jesus moment? Or continuing down an inflationary spiral?
Time, that fickle mistress, is persistently stalking Macri’s administration and is not on his side.
An economic nightmare that’s politically painful to untangle.
What does “Political Manipulation” of Ugly Data add up to?
A dismissive attitude to the suffering of the population.