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04.09.26 - 01:30
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1,000 Days Of Milei (ZeroHedge)
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1,000 Days Of Milei
Authored by Michael Talbot via BondVigilantes.com,
One thousand days is a long time in politics...
When I wrote about Javier Milei's first 100 days in office, Argentina was embarking on yet another attempt to break free from a cycle that had become painfully familiar: fiscal excess, monetary financing, inflation, capital controls and, eventually, crisis. Markets were optimistic, but they had been optimistic before. Argentina has a habit of disappointing even its most enthusiastic supporters.
At the time, Milei inherited an economy in severe distress alongside a reform agenda that many viewed as politically impossible to implement. Today, as Argentina approaches the 1,000-day mark of his presidency, investors can point to something far more tangible: results.
That does not mean the story has been flawless. Economic recovery has come with significant social costs, political controversy remains a constant feature of Milei's presidency, and accusations surrounding the LIBRA c...
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