Argentina: Is Milei a macro-madman or the macro-hitman to get the dirty job done?
The crucial next catalysts for the Argentinian bonds and stocks
Javier Milei is the new Argentina president and contrary to global media simplistically depicting him as a dangerously Trumpian source of chaos and instability, we think there is a very decent probability that his policies, within the right political context, could mark the beginning of a virtuous new cycle for Argentina credit risk. Or, at least comparatively, also thanks to the current low pricing of Argentinian assets, he may have a better chance than his predecessors not to disappoint as much.