Country Note: Argentina - not for the faint of heart


#1

The Argentine stock market has risen close to 50% in US dollar terms this year as stronger economic activity has combined with the hope of political c
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#2

It’s hard to feel sorry for them. Seems like they brought it all on for themselves.

I’d always wondered why they weren’t such a downright basket case like Venezuela but I guess that’s down to selling steak and soya beans.


#3

Argentina is sitting on huge amounts of potential oil wealth but no major oil company will invest because of the precedence of what happened to Repsol’s assets in the country.

So sad to see a once great country fall so far but it’s also a warning to the rest of us not to get too complacent.


#4

That is why they’ve used the distraction of the Falkland islands for so many years.