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Elon Musk and Vivek Ramaswamy, co-heads of DOGE, have expressed admiration for Milei's policies. When Milei took over in December 2023, Argentina's inflation stood at 25.5%, while economic activity had fallen 4.5% year over year. AdvertisementArgentina's inflation rate dropped to 2.7% this October — the lowest level in three years, according to the predicting market website Kalshi. AdvertisementHowever, Facundo Nejamkis, director of Opina Argentina, a political consultancy firm, told Reuters that Milei's cuts have ignited a "major" recession. AdvertisementIn the first five months of 2024, Argentina's government achieved a primary fiscal surplus of 1.1% of GDP — its first in 12 years.
Persons: Javier Milei, Elon Musk, Vivek Ramaswamy, Milei, Donald Trump, Musk, Ramaswamy, Ignacio Labaqui, Facundo Nejamkis, Maria Victoria Murillo, Juan Cruz Díaz, Cruz Díaz Organizations: Elon, firebrand, Medley Global, Reuters, BBVA, Institute of Latin American Studies, Columbia University, Argentine, Global, BBVA Research, Cefeidas Group, Ramaswamy Locations: Argentina
Bolsonaro's electoral outlook contrasts sharply with former U.S. President Donald Trump, another right-wing populist who challenged the results of his failed re-election campaign. Bolsonaro never conceded his narrow defeat in the October election and continues to question the reliability of Brazil's voting system. RISING CONSERVATIVE STARSStill, conservative powerbrokers allied with Bolsonaro are ready to reshuffle the deck for the next election cycle. He said a TSE decision to bar Bolsonaro from running would only boost the ex-president's political appeal. Any right-wing substitute could win with his endorsement, he added, while side-stepping the high rejection rates Bolsonaro faced as a candidate last year.
Expect more volatility in the UK market, says strategist
  + stars: | 2022-10-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect more volatility in the UK market, says strategistBen Emons of Medley Global Advisors says British Prime Minister Liz Truss' resignation means the U.K. won't get an "unorthodox" fiscal policy anymore, and old issues like Brexit are likely to return.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmons: We're in a technical bear market, but there's still room for a near-term rally on the S&P 500Ben Emons of Medley Global Advisors discusses the latest reversal by the UK government on tax policy and whether that can provide more calm to the markets, and offers ways to play defensively in a high inflation environment.
Consumer discretionary stocks today's top performers
  + stars: | 2022-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer discretionary stocks today's top performersBen Emons, Medley Global Advisors managing director of global macro strategy, joins 'Power Lunch' to discuss stocks rebounding in a bear market bounce, earnings season's influence on market activity and the positive performance of consumer discretionary stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmons: Rising interest rates may lead to a retesting of the June lows or a market sell-offBen Emons, Managing Director of Global Macro Strategy at Medley Global Advisors, joins Worldwide Exchange to discuss growing interest rates, rising currencies, and the possibility of a global recession.
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