Huge swathes of the Argentinian economy are at a hault, namely in the real estate sector, due to owners/landlords frozen by fear of what will happen to the argentinian peso. Current rental law forces landlords to enter into a three-year lease denominated in the quickly dying peso, with trimestral adjustments performed according to some bullshit government index that still doesn't keep pace with actual inflation.

Yet another example of government intervention blowing up the market. The end result? Implosion.

Reply to this note

Please Login to reply.

Discussion

No replies yet.