Argentina is dealing with a complicated legal quagmire that they have been led to by the capital destructive policies of the Kirchner administration.
As the rally across Latin America continues into the summer, investors need to be wary of the catalysts to the rally versus the reality of the expected change.
Just because Argentina may have fools for political leaders, doesn’t necessarily mean it’s foolish to invest in the economy.
Legendary investor Baron von Rothschild once stated that, “When the streets of Paris run with blood, I buy!” If he were alive today, he would probably be commenting about the streets of Buenos Aires, where the stock market is swimming with red ink amid threats of nationalization.
U.S. cell phone users are used to having the right to keep their numbers when they switch networks. As the practice of making account information “portable” spreads, competition for subscribers in emerging markets is already getting more intense — and profit margins are feeling the strain.
Emerging stocks have underperformed their counterparts in the developed world, but there are still plenty of value plays in these markets.