Argentina: 1,000 Days Of Milei

One thousand days is a long time in politics...When I wrote about Javier Milei’s first 100 days in office, Argentina was embarking on yet another attempt to break free from a cycle that had become painfully familiar: fiscal excess, monetary financing, inflation, capital controls and, eventually, crisis. Markets were optimistic, but they had been optimistic before. Argentina has a habit of disappointing even its most enthusiastic supporters.At the time, Milei inherited an economy in severe distress alongside a reform agenda that many viewed as politically impossible to implement. Today, as Argentina approaches the 1,000-day mark of his presidency, investors can...