Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at or click below to go directly to the new Board on the new site.

Go to the New Site
No. of Recommendations: 26
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.

Print the post  


Enter text here. Please keep promos short.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.