drmalaka

Argentina to Default?

How nice, an Argentine commentor speaks in Spanish to us all. The answer to his question is probably that the reason the writer thinks that Argentina faces a risk of default is that they elected a moron as President that has absolutely no economic experience or understanding. She is a Peronist and believes that taxing things fixes the economy. Gartman wrote today about Argentina and their brown outs because of government energy taxes and policy and now the agriculture problem. The only thing Argentina does right is grow food and now the idiot in charge is raising taxes on their one important export.

The problem with Argentina is not the country, it is the Argentinians.