If Argentina finally reaches an agreement with the Paris Club it will have rebuilt relations with international money markets and could see a “flood” of capital inflow into crucial sectors of the economy.
http://en.mercopress.com/2010/11/18...ewsletter&utm_medium=email&utm_campaign=daily
If that happens, the peso will firm up, the dollar will not rise against the peso, inflation will lessen and, to the extent it still exists, the cushy life for US expats in a cheap BA (see 2010 Mercer survey) will be over.
If it doesn't happen, more inflation, a peso that will weaken significantly against the dollar right after the next Pres election, and BA will remain a relatively good spot for retirees and young people with limited travel budgets. Not to mention hard times for the Argentine middle and lower classes
http://en.mercopress.com/2010/11/18...ewsletter&utm_medium=email&utm_campaign=daily
If that happens, the peso will firm up, the dollar will not rise against the peso, inflation will lessen and, to the extent it still exists, the cushy life for US expats in a cheap BA (see 2010 Mercer survey) will be over.
If it doesn't happen, more inflation, a peso that will weaken significantly against the dollar right after the next Pres election, and BA will remain a relatively good spot for retirees and young people with limited travel budgets. Not to mention hard times for the Argentine middle and lower classes