#179 Till the very last dollar
More inflation and stagflation in the electoral year Massa’s entrance into the Ministry of Economy implied an ordering…
#178 Super-Minister
Everything comes around, everything moves on, everything comes in due time… Although the BCRA (Argentina’s Central Bank) finally…
#177 Assault on Argentina’s Central Bank (BCRA)
No anchors in sight in a world in turmoil Crushing the program with the IMF Execution risk Fiscal…
#176 Agreement with the IMF… two weeks later
Two risks: Execution Risk and Transition Risk Execution Risk:The 1st review of the program is in May2022: more…
#175 Habemus an Agreement
Avoids implosion and stops the deterioration of relative prices, but it closes with more inflation and stagnation The…
#174 Gone with the time. The IMF moved its piece and we keep procrastinating
Understading with the IMFThe political risk after the understadingThe economic impact of the understanding– The Financial Program and…
#173 Pedaling in the Air. Part II
The IMF on vacation until January 10th First round of the gameBudget: the failed attempt to show political…
#172 Pedaling in the Air. Reaching for the IMF or hitting rock bottom
Results and new CongressAgreement with the IMF? What agreement and when?Markets´ first reactionA comment on a split dollarMacroeconomics…
#171 Three to tango? Iterating scenarios for 2022
Dilemma of three “groups” of prisonersPlayers, Game and Conflicting IncentivesPost Primaries 2022 scenariosThe account of pesos and dollars…