Don't cry for Argentina's global investors
Source: Chicago Tribune
By: Matthew Winkler
In the four months since former Buenos Aires Mayor Mauricio Macri was elected president, Argentina has become a lodestone for global investors. They're anticipating the biggest spurt of growth in Latin America, a corresponding retreat of inflation and the best returns from the continent's healthiest companies.
Markets often bestow a halo on new governments that fades when promises can't be kept. Investors in Argentina are too familiar with disappointment to declare that this time is different.
Yet maybe it really is. Macri is the first elected president in 100 years who isn't connected to either the party of Juan Peron or the radical alternatives historically preventing Argentina from growing into a sustainable developed economy.
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