“A lot of investors were betting that 2015 would come around, and Argentina and the holdouts — led by Elliott Management founder Paul Singer — would sit down and sing Kumbaya. Instead Argentina is coming up with more creative ways to raise cash, like a recent debt swap plan the government has announced to raise $3 billion locally.  Argentina’s relies heavily on commodity exports like soybeans for revenue, and commodities are getting crushed.  It’s clear that the country’s 40% inflation rate is putting Argentines on guard. They’re carrying lots of cash around, and because they carry around all that cash, Argentina has become the robbery capital of Latin America.”

http://www.businessinsider.com/argentina-is-getting-clobbered-2014-12

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