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Argentina’s Vital Signs: August 12, 2019 * Exchange rate: 53 pesos/USD (-17 percent) * Merval: 27,530 (-38 percent)* * EMBI Country Risk: 877 (-2 percent) * According to Bloomberg, the world's worst single day loss for a stock market since 1989. https://www.bloomberg.com/news/articles/2019-08-12/argentina-s-46-stock-rout-second-biggest-in-past-70-years …
“We are seeing the results almost immediately, if you look at the markets,” David Smith, a correspondent for The Economist and special contributor to @LATAMProg, says on today’s special podcast coverage of Sunday’s primaries. https://open.spotify.com/episode/27vz1QClIKBYxsxRkfWoOG?si=wpNs8TNLQ8GtlLClD-aDDw … @TheWilsonCenter @CindyArnson
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