If you saw Argentine President Cristina Fernández de Kirchner’s Cadena Nacional, her state of the nation address, you’re likely wondering what the hell that was.
You know that soul-shattering moment when reality hits? That’s what I felt when it was announced that Cristina Fernandez de Kirchner was to meet with George Soros.
by Bianca Fernet • • Comments Off on Argentina Kowtows To “Paris Club” on Debt, Thinks It Won
Bond markets are abuzz about Argentina’s deal with the Paris Club of creditors on US$9.7 billion of arrears from the 2001 financial crisis. Economy minister Kicillof emerged, in his mind and that of many, victorious. Brilliant diplomatic showmanship.
by Bianca Fernet • • Comments Off on Broke Argentina Socks It To Warrant Holders, Saves $3 Billion
By Bianca Fernet: “Head in hands” photos or “plunging value” graphs that are traditionally displayed when markets fall were selected to accompany news that Argentine warrants tied to GDP crashed when the government revised 2013 GDP growth down to 3%.
by Bianca Fernet • • Comments Off on Paul Krugman Flip-Flops And Finally Agrees with Stilettos-On-The-Ground Economist Bianca Fernet on Argentina
Paul Krugman, undisputed celebrity of the scintillating world of economics, shocked with an article accusing Argentina of “macroeconomic populism” – for following the very policies he’d advocated for years, now that there’s an economic meltdown.
