#economic-crisis

#economic-crisis

Following a meeting on Tuesday last week on the sidelines of the United Nations General Assembly (UNGA) in New York, US President Donald Trump described his Argentinian counterpart, Javier Milei, as a truly fantastic and powerful leader. He told reporters, I'm doing something I don't often do I'm giving my full endorsement to him. The next day, US Treasury Secretary Scott Bessent said that he was working in close coordination with President Milei and would do what is necessary to support Argentina's economy.

Javier Milei has lost his lucky star. His redeeming power, emanating from the forces of heaven, as he often likes to say, was mercilessly crushed at the September 7 election in Buenos Aires province by Kirchnerist Peronism, the very embodiment of all possible evils in Milei's view. The unexpected and resounding result in favor of the left a difference of almost 14 points, a million votes exposed the king.

"Carney keeps ratcheting up expectations. When he tabled Bill C-5, he called it 'a day that has been literally decades in the making.'"

"It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something."

The ruling National Council for the Defense of Democracy (CNDD-FDD) party, led by President Evariste Ndayishimiye, faces little electoral threat after a series of moves neutralized its primary rival, the National Freedom Council (CNL).

Trump has passed no major legislation, and his economic interventions have had the opposite effect of Roosevelt's, injecting uncertainty into a healthy recovery and seeding an economic crisis.

Maybe that's why the President is calling. What could he possibly have to say? The film cleverly captures the bewilderment of billionaires facing global crises.