Monday, January 25, 2016

Holding Off Shock Therapy In Argentina

The Latin American left is lambasting Mauricio Macri for being too conservative, but this Bloomberg article shows how he's holding the crazy free marketers at bay:

“I would fast-forward the whole damned lot and do it all in six to nine months - go for shock therapy,” said Tim Love, investment director for emerging-market equities at Gam UK Ltd. which manages $130 billion in assets. “They’re missing an opportunity and running a bigger risk.”

Thank you, Mr. I Don't Have to Learn From History Because I Don't Give a Crap About Actual Argentine People. Crazy free marketers already had a go at Argentina and it didn't work out terribly well.


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