{"id":104596,"date":"2025-10-28T04:52:11","date_gmt":"2025-10-28T04:52:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/104596\/"},"modified":"2025-10-28T04:52:11","modified_gmt":"2025-10-28T04:52:11","slug":"will-the-latest-bailout-of-argentina-work","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/104596\/","title":{"rendered":"Will the Latest Bailout of Argentina Work?"},"content":{"rendered":"

Hedge fund manager Rob Citrone earned $730 million<\/a> last year, much of it from successful bets on Argentina under its libertarian president, Javier Milei. A year ago, Citrone predicted even better times ahead. \u201cThe average person in the street is supportive\u201d of Milei\u2019s budget-slashing, Citrone enthusiastically told <\/a>Bloomberg<\/a>. The chance that Argentina would default again, he said, was \u201cminuscule.\u201d<\/p>\n

Even when Milei\u2019s \u201canarcho-capitalist<\/a>\u201d revolution seemed to be in jeopardy in the fall\u2014with local elections in Buenos Aires giving a sweeping victory to the left-wing Peronist party; bribery allegations<\/a> involving Milei\u2019s sister; and a drop in the value of the peso, Citrone stayed confident. \u201cThere was a bit of a panic among locals with regards to the midterm elections, and then some foreigners got nervous as well,\u201d he told Bloomberg. When prices fell, he added to his bond portfolio.<\/p>\n

His confidence was rewarded on Sunday when Milei\u2019s libertarian party scored bigger than expected gains in elections for the national legislature. The party won 41 percent<\/a> of the vote, which put it in position to roughly double its number of seats. Milei\u2019s party still doesn\u2019t have enough seats to pass bills on its own, but it can now defeat legislative attempts to override his vetoes.<\/p>\n","protected":false},"excerpt":{"rendered":"Hedge fund manager Rob Citrone earned $730 million last year, much of it from successful bets on Argentina…\n","protected":false},"author":2,"featured_media":104597,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-104596","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/104596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=104596"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/104596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/104597"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=104596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=104596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=104596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}