Not too long ago was the 5 year anniversary of my arrival in BA. I celebrated by coming back.
Some things have changed: Argentine wife, Argentine kid, the exchange rate, inflation is worse
Some things have not changed: President Cristina is unpopular (although she did manage to get re-elected through very pervasive vote-buying), the purchasing price in dollars is about what it was 5 years ago (although the exchange rate went from 3.3ish to the now unofficial 9.5), the Kirchners are still trying to turn Argentina into Chavez-style Venezuela by cracking down on a free press. She is also trying to end judicial independence.
Things do not look good for the economy, although I bet Cristina will somehow make it through the October mid-term election before any devaluation. Stability until then is key to her plan to subjugate the judiciary branch. After that, the economy here is a crapshoot.
Thursday, May 2, 2013
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