Surely this “severe bout of market volatility” couldn’t have anything to do with milei’s libertarian policies, right? The Free Market™ can never be wrong! No no, they’ve been “doing the right thing” and “following good policy”, there’s no way anyone possibly could have seen this coming!
The article is clear, the market is reacting to Argentinians voting against Milei in mid-term elections, which also wasn’t in line with expectations. His policies are very popular with the market.
Argentina is a financial basket case from years of corruption and government overspending and printing money. I’m not surprised that the enthusiasm for his drastic fiscal restraint has waned quickly. There is no easy way out of these messes.
Surely this “severe bout of market volatility” couldn’t have anything to do with milei’s libertarian policies, right? The Free Market™ can never be wrong! No no, they’ve been “doing the right thing” and “following good policy”, there’s no way anyone possibly could have seen this coming!
🤦♂️
The article is clear, the market is reacting to Argentinians voting against Milei in mid-term elections, which also wasn’t in line with expectations. His policies are very popular with the market.
Argentina is a financial basket case from years of corruption and government overspending and printing money. I’m not surprised that the enthusiasm for his drastic fiscal restraint has waned quickly. There is no easy way out of these messes.