When the Log Rolls Over

Emerging Markets (EMs) are highly fragile. This is due to the fact that usually when there’s a recession, capital flees, the currency melts, inflation increases and interest rates explode, choking businesses, and making the situation far worse than it would otherwise be. To fight this, the local Central Bank often aggressively raises rates, which defends […]


This post originally appeared in KEDM on June 4, 2023… “We originally spoke about Argentina back in October of 2021 and said to put it on your radar. We think the time has now come to load up. Let’s start with the obligatory note that we love Argentina; friendly people, beautiful countryside, great wine. We’ve […]