A major L for Milei today in Buenos Aires province. He has a month and a half to take note, make changes, and reach national elections in better shape. Argentine markets likely to look ugly tomorrow morning.

🧵What’s happening in Argentina? For days, my WhatsApp has been blowing up with messages asking the same thing. Why is the dollar glued to the top of the band? Why did country risk suddenly spike 500 points? Here's a quick thread with some thoughts.👇

Alberto Ades of NWI Management, formerly Goldman Sachs, Citi, Merrill Lynch on the extremely tough spot that Milei is in presently 👇 I believe that problems must be faced head-on, without shortcuts or imaginary enemies. Accusing the opposition of being coup plotters —even if

What an unbelievable paradigm shift, back and forth, in just under a month. As the AFA president once said: Argentina, don't try to understand her, just enjoy her.

The Argentina Brief, by Francisco Aldaya

Hey all, consider myself a native English speaker. To the point that I speak to my brothers in English. "Working with the Argentine government to end the tax holiday for commodity producers converting foreign exchange" can only be understood as the US asking Argentina to raise

Seems like Bessent and the US soy farmers got what they were after. Argentine export duties back in place as of tomorrow. 26% in the case of soybean.

Argentina peso overvalued? 🇦🇷🇺🇸 Maybe, very hard to say. Not something I never worry about... ... but there is important nuance missing in those just saying "stabilization appreciated real exchange rate and now obvious is unsustainable, so support from US+IMF only buys time."

President Javier Milei is restoring economic stability after decades of Argentine mismanagement. Markets are not losing confidence in him – they are looking in the rearview mirror. The Treasury Department is resolute in our support for his reforms.

The Javier Milei administration has seen poverty drop to its lowest since H1 2018 in Argentina👇

Interviewed Federico Filippini regarding the Argentine Treasury's expected dollar-buying spree. Youtube can be set to dub to English with AI. Sounds great.

My interview with Kaszek cofounder Nicolás Szekasy. Kaszek is the largest Latam-based VC firm with US$3 billion AUM. His take on the Javier Milei admin so far, as well as AI opportunities in the region.

"The second nightmare scenario is that the idiotic middle class voter will turn his back on its wacky and vitriolic President, much like it did in August 2019, leaving Milei in a governability doghouse for the remaining two years of his term" escribió hoy Grit Capital.

Y suma: "To this second thesis, we believe that it is almost mathematically impossible for the LLA-PRO to come out of the October 26th election with less than 70-75 deputies which coincidentally is close to double the number of Congressional representatives it has been working

🇦🇷 New composition of the Chamber of Deputies (257 seats): 🟣 La Libertad Avanza (LLA): 93 (+56) 🔵 Peronismo: 97 (-4) 🟠 Provincias Unidas: 17 (-1) 🟡 PRO: 14 (−21) 🟤 Others: 36 (-30) ➡️The LLA surpass 1/3 threshold, key for governability and is 36 votes short of a majority

Take an early look at the front page of The Wall Street Journal on.wsj.com/47H1ZlM

Congratulations to President Javier Milei on La Libertad Avanza's very successful midterm election. President Milei has a renewed mandate for change. Argentina is a vital ally in Latin America. These results are a clear example that the Trump Administration policy of Peace through

La Libertad Avanza triunfó en las elecciones legislativas con el 40,71% de los votos y obtuvo una amplia diferencia respecto a, Fuerza Patria, con el 24,30%. ¿Cómo quedará la composición del Congreso a partir del 10 de diciembre? Todos los detalles acá: bit.ly/4qpRrz7

The Argentina Brief will be back this weekend with a surprise.