Markets signal Argentina might be headed to another debt crisis

Bloomberg/Sydney Macki and Aline Oyamada/8-12-2019

“In just hours, Argentina went from weathering-the-storm mode to full-on shipwreck as investors dumped government debt on fears of yet another potential default for the crisis-prone South American nation.”

USAGOLD note: Another debt/currency crisis for Argentina spawned by yet another political crisis. We have to wonder if the South American country could be a canary in the coal mine with respect to other emerging countries feeling the effects of stubborn U.S. dollar strength.

Chart of plummeting Argentine peso over past 6 months

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