The Economist (September 7)
Argentina’s reimposition of currency controls “confirms the horrible reality that Argentina has once again become a financial outcast.” Most are quick to blame the current president Mauricio Macri. “In fact much of the blame for Mr Macri’s failure lies with his populist predecessor, Cristina Fernández de Kirchner, who …. left behind a gaping budget deficit, artificially low utility prices, statistics that were brazenly manipulated and ruinously high public spending.”
Tags: Argentina, Blame, Budget deficit, Currency controls, Fernández, Financial outcast, Macri, Manipulated, Populist, Reimposition, Statistics, Utility prices
Wall Street Journal (December 11)
“China’s market may have a massive capitalization on paper but the small float of tradable shares means that it is easily manipulated. Retail investors are often sucked in and then burned.”
Tags: Capitalization, China, Float, Investors, Manipulated, Market, Tradable shares
