YOU CAN change the mission chief, but you can’t stop the bullshit. That ought to be the IMF’s motto.
While numerous crucial macro variables of concern for international investors have been purposefully suppressed in the IMF’s WEO database relating to Argentina, presumably to spare various blushes, there is enough there for us to smell the nonsense that the international monetary system—whatever that is—will be expected to swallow in the next 3 months as a new program is negotiated.
Continue reading “Argentina in the WEO: Hold your nose and look away. Again.”