Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (16616)	4/9/2016 9:40:58 AM
From: Goose94	Respond to of 202448

*Argentine President faces challenges.* Argentina’s new President Mauricio Macri has a full plate as he tries to rework the economy. He has moved to trim subsidies on electricity and water, which is leading to a 300 percent increase in utility bills for some residents. He has devalued the peso and inflation continues to rage. Retail sales were down 5.8 percent in March as the new measures hit the Argentine public. Separately, Macri agreed to settle with international creditors over outstanding debt, and in a landmark decision, the Argentine government is set to return to the international bond market next week for the first time since the country’s 2001 default. The government hopes to raise $12.5 billion, using part of the proceeds to pay off creditors. Morgan Stanley says Argentina may be the largest emerging-market bond issuer this year as it likely needs $20 billion. Meanwhile, President Macri’s name showed up in the Panama Papers this week, revealing that he was the director of an offshore company based in the Bahamas between 1998 and 2008. That has raised public ire but Macri insists that he has “nothing to hide.” Only a few weeks ago Macri’s approval rating was near 70 percent, but the enactment of a suite of austerity measures combined with the revelations in the Panama Papers are undercutting his popularity.