Argentine peso falls and falls

In Latin America it is rumbling: The Argentine peso falls and falls, although the country has received only in June, a 50 billion loan from the World Monetary Fund. Yesterday, the IMF reacted to the weakness of the currency. Christine Lagarde announced a re-investigation of the case Argentina due to "unfavorable market conditions". But the investors are skeptical. The debt is too high. Inflation gallops. Within one year, the purchasing power of the pesos in Germany has fallen by 43 percent. Nobody should underestimate the turbulence in Argentina, Venezuela and Brazil: When South America coughs, North America will eventually get the flu. Beware of infection.
Source: Steingart's Morning Briefing

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