The short-term political boost to the Argentine president’s fortunes is unlikely to continue, as the familiar cycle of crisis and default looms.
Argentina
Posted inEconomic Policy
Trump Selling Out Cattle Ranchers Highlights Structural Food Economy Crisis
To lower beef prices and help out his pal Milei, Trump will quadruple beef quotas from Argentina—and domestic cattle ranchers are going ballistic. But the bigger problem is an America that can no longer feed itself.
Posted inTAP
Monroe Doctrine II, Trump Style
President Trump, with the help of his Treasury secretary, just pulled off a rescue that few thought possible, promising $40 billion to Argentina. What’s notable is not the novelty of Trump’s inter-American imperialism but the broad continuity with past U.S. policies.
Posted inTAP
Bessent’s Bizarre Bailout
Today on TAP: Argentina will get U.S. help despite its perverse economic policies, only because fellow economic pervert Trump and Argentina’s Milei are soulmates. It won’t work.
Posted inAmerica and the World
Bracing for ‘Argentina’s Trump’
Both friends and foes of the newly elected populist president say their future under him is uncertain, but the certain misery of the present led to his win.
Posted inTAP
Argentina: Vultures Come Home to Roost
Today on TAP: How America’s most predatory hedge funds deepened Argentina’s economic miseries and helped invite a far-right reaction
Posted inTAP
Why Brooks Brothers Can Use Bankruptcy and Argentina Can’t
Today on TAP: We need to reform bankruptcy laws
Posted inEconomic Policy
Hedge Fund Creditors’ Deal With Argentina Sets Alarming Precedent
In a deal struck Sunday, hedge funds led by billionaire investor Paul Singer have managed to squeeze billions out of a struggling economy.