El dólar blue a 167 pesos encendió una vez más todas las alarmas. La usina de rumores previo a un fin de semana largo presagiaba nuevas medidas. No llegaron hasta ahora.
On the back of the debt exchange the government had an opportunity to jumpstart the economy. But Argentina is the country that never misses an opportunity to miss an opportunity.
The primaries will take place on August 13th, and the big news is that Cristina Kirchner will run for senator in the province of Buenos Aires.
The new administration is moving very quickly to establish a new policy regime that addresses the main obstacles that have been affecting investing and growth.
Economic activity recovered from the trough of April in May and June and to a lesser extent in July, but it seems to have stopped there.
Pese a las mayores restricciones cambiarias, esperamos que las presiones sobre el tipo de cambio oficial persistan y que el BCRA siga vendiendo reservas.