Argentina just struck a deal with the International Monetary Fund (IMF) to give the South American country some “breathing space” for the next few years to pay off debt. From an Argentinian expert’s perspective, how is it looking for the economy and more importantly, to its people?
In this episode, Doug and Greg talk with Santiago Solanet, Senior Investment Analyst at BlackTORO Global Investments. Santiago is known for monitoring and analyzing the local and global economic situation of the Argentinians.
Santiago talks with Doug and Greg about understanding Argentinian markets—from the recent IMF agreement to peso depreciation to its political environment.
[06:47] - “The ‘most’ problem is, with every month that passes, with your salary, you can buy less and less goods as compared to the previous months. In Argentina, every six months, we have a compensation—we actualize the salary, but we always run it back against inflation.” - Santiago Solanet
[15:58] - “In my opinion, we need a change in the government, change of power, because, in this government, we don’t have trust or confidence or credibility. You're not going to solve anything because you might say, well, we are going to change the economy plan, we are going to have lower taxes—but the markets, they don’t believe that.” - Santiago Solanet
[29:23] - “I think there are good opportunities in Argentina. We have to be very picky. There are companies that have huge problems that are too risky.” - Santiago Solanet
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