10 Comments
User's avatar
Michael Buhmiller's avatar

Sir, your work is exemplary. Thank you once again for the abundant, high-quality information conveyed through your engaging prose. This is a highly important topic of global concern, and your work provides a concise, clear, high-level understanding.

Expand full comment
STEVE CAMPINI's avatar

"ABROGATE, DEREGULATE, LIBERATE", sounds like the perfect Libertarian slogan.

Expand full comment
Agent22Smith's avatar

Thanks for the window into the state of the Argentine psyche, or at least that of the negative nabobs of the medias and their followers. I'm not a fan of the Big Man in the U.S., but give him - and especially Bessent - credit for backing Milei. May the assault on the entrenched bureaucracy continue in Argentina!

Expand full comment
Steven Mays's avatar

Plz help me understand why voting would be such that the other party gains more seats than liberate party?..after seeing results for Argentina economy over last 2 yrs..

but seems like voting would be stronger for his party seats..and this concerns me bc here in America esp in New York is very strong or at least media is very strong for socialist Mandan ..

Expand full comment
DefCon-Dan's avatar

Yes, I also thought that voting result was unexpected, and foreboding for Milei.

Also, regarding this, “the @USTreasury stands ready to do what is needed within its mandate to support Argentina. All options for stabilization are on the table.”

The last time I checked, the US Treasury has NO mandate to support Argentina or any other foreign country. Looks like their mission is creeping and over stepping again too.

Will that mean that US taxpayers will own shares in Argentina, or Intel?

How will that work, or is this really just another 'distressed asset' buying opportunity like with Intel?

Expand full comment
Harpus's avatar

Dang! I hesitated to add to my stock positions...coulda, shoulda, woulda

Expand full comment
Richard Smith's avatar

Joel, I'm happy to see what appears to be support from the United States. Why would Pres. Melei buy our debt ? He is a much smarter man than i am ( being as he has accomplished the bulk of what he set out to accomplish) , and his successfull formula appears to be, to be honest with the people which has worked. I hope he uses the U.S. support to his benefit until their sincerity proves false and than cuts them lose.

Expand full comment
robert agajeenian's avatar

There are those who dearly love when high hopes come crashing down. They are praying for disaster for Milei and Trump both. Nothing would make their poor shriveled hearts sing so much. It looks, unfortunately, that they shall be disappointed. (As usual your videos of the streets and innumerable (seemingly) delights of your city make me jealous.)

Expand full comment
grant kaufmann's avatar

As a supporter of Pres Milai's reforms, I hope the "whatever it takes" talk steadies the market and helps LA win the election. But I also know nothing comes free in the world of geopolitics and wonder what price will ultimately be paid: military bases?, veto over trade deals?, a control center for space warfare? If it means bringing the US/China cold war to S America it will not end well for any of us who call this continent home, especially if the day comes when that war turns hot.

Expand full comment
andy's avatar

Needless, actually, to say (because true & because also true say-spitting into the wind is only needed by people who need 'plausible deniability' for spitting on themselves) that there will be nothing novel, at all, about "how this telenovela will play out."

Besot on Bessent booze ... is not good for a body.

Neither is 'body politic' booze.

Expand full comment