The Peronist party won the 
elections in Argentina, something that surprised everybody. Immediately, the peso lost 50% of its worth as people ran to buy US dollars, and in New York, Argentine bonds lost up to 60% of their worth. This is a real panic. It means that world markets expect Argentina to default in its loans, and sink again into typical South American chaos. The population was suffering and famished under President Macri and voted for the Peronists, and for the return of the mythical times when Argentina was rich and Evita sent everybody a free pan dulce and a bottle of sidra for the New Year. The pic shows the thousands of desperate faithful camping in front of the Iglesia San Cayetano, the saint to be prayed to for bread and jobs. The San Cayetano church is in my barrio, I knew that it was there but never paid it any attention.
elections in Argentina, something that surprised everybody. Immediately, the peso lost 50% of its worth as people ran to buy US dollars, and in New York, Argentine bonds lost up to 60% of their worth. This is a real panic. It means that world markets expect Argentina to default in its loans, and sink again into typical South American chaos. The population was suffering and famished under President Macri and voted for the Peronists, and for the return of the mythical times when Argentina was rich and Evita sent everybody a free pan dulce and a bottle of sidra for the New Year. The pic shows the thousands of desperate faithful camping in front of the Iglesia San Cayetano, the saint to be prayed to for bread and jobs. The San Cayetano church is in my barrio, I knew that it was there but never paid it any attention.
I friend just wrote me that Argentina is in its way to become another Venezuela.
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