It looks like Jair Bolsonaro will not be steeping foot in Buenos Aires anytime soon. Argentina has suspended a historic ceremony marking the 30th anniversary of the Mercosur regional trade bloc, due to be held later this month, the Foreign Ministry said Saturday. President Alberto Fernández and his counterparts from Brazil, Paraguay, Uruguay and Bolivia were … Read more
The shortest month of the year does not necessarily have the lowest inflation and this February looks like being no exception with the 3.6 percent posted by INDEC statistics bureau on Thursday (although, if it does turn out to be the lowest figure of 2021, then both the government and the country are in deep … Read more
There are no great powers without great currencies. The competition between the United States and China also has a financial and monetary chapter, perhaps the most sensitive aspect of the bilateral relationship between the two superpowers. Benjamin Cohen, one of the founding fathers of International Political Economy (IPE) – a field of studies that combines … Read more
Argentina’s inflation-linked bonds fell Monday as the country’s statistics agency, INDEC, plans to modify the basket it uses to measure inflation. Bloomberg News reported earlier on Monday that Indec is working to change the price basket it uses to measure inflation, according to a person with direct knowledge of the matter. The modifications, which seek … Read more
Argentina’s sovereign bonds are currently indicating that the country is on track to implode in the medium term. They are trading at 30 cents on the dollar, with an implied interest rate of more than 20 percent and what is known as an “inverted yield curve,” meaning longer duration bonds offer lower rates than shorter … Read more