Inflation Comes Back to Haunt Argentina

Finally, Argentina is in the news too. The old bugaboo – inflation – is coming back. The government controls the figures. So, neither investors, nor economists, nor consumers have much faith in them. Shoppers say they see prices rising steeply. Experts say the inflation rate could be as high as 15% already.

The economy is booming – at about 8% annual GDP growth. Capacity is stretched. It would a miracle if there weren’t inflation.

“Argentina goes through a crisis about once every 10 years,” says our contact in Buenos Aires. “Our last real crisis was in 2002. We’ve got a few more years to go.”

Bill Bonner
Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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