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Argentina Notes - December 2023 - by Boz

boz.substack.com · 783 words · saved by 1 readers

Carlos Menem inherited an economic crisis and proceeded to implement massive and painful austerity measures. He created a manipulated currency system, set the country on an unsustainable fiscal path, trafficked weapons to terrorists and engaged in mass corruption in the process. The Menem policies set Argentina on a path to the 2001 economic and political crash that ranks as one of the worst in the hemisphere's history. If you had invested in Argentina around the start of Menem's term, right when the economy bottomed out, you'd have made a lot of money. Nestor and Cristina Kirchner burned international lenders. They put the country on an absolutely unsustainable spending path that is the root cause of at least two (maybe three) separate economic declines this century. In the process, there was corruption and money laundering that enriched their family. If you had invested in Argentina around the start of Nestor Kirchner's term, right when the economy bottomed out, you'd have made a lot

Argentina Notes - December 2023 Many analysts, myself included, think Javier Milei is going to be terrible for Argentina. But.... James Bosworth (Boz) Dec 05, 2023 17 1 Share Carlos Menem inherited an economic crisis and proceeded to implement massive and painful austerity measures. He created a manipulated currency system, set the country on an unsustainable fiscal path, trafficked weapons to terrorists and engaged in mass corruption in the process. The Menem policies set Argentina on a path to the 2001 economic and political crash that ranks as one of the worst in the hemisphere's history. I

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