A major factor here is that they were steering the ship to crash right after they leave the office, trying to repeat the political disaster that happened to the

A major factor here is that they were steering the ship to crash right after they leave the office, trying to repeat the political disaster that happened to the UCR in 2001. Unfortunately in economy, when you know/think in the future something is going to happen, it affects the prices today. The devaluation, denial of inflation and expenditure of reserves paint a bad picture: they dont intend to change the direction of the ship, at least not yet. Of all the issues the US has with the political system, i wished we had the strong institutional presence they have. Politics in argentina are so cultist, and they always centralize power in a persona or figure. There's never a discourse that says "we are going to do this, so in the future this wont be corrupted, or this will be measured independently" etc. I havent heard that in my entire life. To explain the basic consequence of that to a typical american: there is no future planning in argentina. There is no forecast that ever spans more than 2 years, and those ones venture in black magic. Everything has to be about immediate effects because nothing is built for the long term.