Originally published on SeekingAlpha.com, February 2, 2016
- Argentina has earned a bad reputation in financial markets after several sovereign debt defaults over the last few decades.
- Continuous economic and political mismanagement have been the cause of these repeated disasters.
- A new business friendly Government plans to change things for good. Will it succeed?
- We introduce the investment alternatives available for US investors interested in Argentina.
Back in April 2015, we wrote about what lied ahead for Argentina, the third biggest economy in Latin America that had been an outcast from global markets since its last sovereign debt default in 2001. In our article, we suggested that three political scenarios were in sight, with more business friendly candidates Mauricio Macri and Sergio Massa with fewer chances of winning the National Election than ruling party’s candidate Daniel Scioli. We suggested that Macri and Massa would obviously be a better option for the economy and financial markets, but we were not optimistic about their chances.