I write as a follow-up to our South America trip. For a terrific summary of the Argentina-Uruguay experience, we offer the “Weekly Economic Update” from Michael Drury, GIC chairman and chief economist at MacVean. The report is available here: http://www.cumber.com/pdf/EU05-13-2016.pdf. We thank Michael for permission to link to his commentary. Meanwhile, the former president of Argentina […]
When Moody’s recalibrated Uruguay’s national rating scale and repositioned the national scale ratings of seven Uruguayan banks and other financial institutions, it was careful in how it worded the text of the release. Moody’s subscribers may access the details; others may wish to refer to this article: https://www.moodys.com/research/Moodys-recalibrates-Uruguays-national-rating-scale-and-repositions-national-scale–PR_348355. The May 9 information release caught some […]
Last month the inflation rate in Argentina was 7%. That's right, 7% in a single month. Why?
Over the past 20 years, my 16 trips to Argentina have allowed me to personally experience that country’s roller coaster of governance, finance, policy application and rejection. We are back again with a GIC special delegation (www.interdependence.org). This time we are examining the spring buds of an attempt at national reconstruction. Our delegates include central […]
Vice Chair Peter Gold summarizes the Southwest Economic Summit on Monday.