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Subject:  Re: MercadoLibre Q2 2022 Results Date:  8/7/2022  6:16 AM
Author:  SaulR80683 Number:  85576 of 85965

Think 9% Inflation Is Bad? Try 90%.

With the world grappling with rising prices, a tour through Argentina reveals that years of inflation can give rise to a truly bizarre economy.

NY Times article yesterday (Aug 6th)

Ant, you say "We are looking at a LatAm-wide digital banking and finance fintech star [Meli] in the making," but do you really want to get involved in the risks of Latin American finance, when there are so many great companies without those risks?

This is an economy where any major purchase is made with US $100 bills rather than the country's actual currency, where 21 economic ministers have now lasted two months or less, where last year's 64% inflation is expected to hit 90% this year, etc. And consider that Argentina is one of Latin America's major economies.

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