Monday, August 27, 2012

Argentine Leader's Image Falls as Inflation Soars

Back in April, I warned that two women, by printing money, would destroy the Argentinian economy, It's happening.

Argentine President Cristina Fernandez's popularity sank to 30 percent in August, less than half of what it was a year earlier, according to a poll published on Sunday that portrayed a country worried about crime and high inflation, reports Reuters.

Price inflation as measured by underground private analysts is coming in at over 20%. The government fines economists who publicly publish inflation estimates. Government agencies report price inflation at only 6%.

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