Analysis: Hasty exit by Argentina's economy minister could deepen market crisis

Martin Guzman, the architect of the South American country's recent $44 billion deal with the International Monetary Fund , resigned on Saturday as tensions within the government boiled over as to how to handle the economic crisis in one of the world's top grain producers.

Inflation is running above 60% and is set to rise further, while high energy import costs have shackled the country's ability to increase depleted foreign currency reserves. Sovereign bonds have plunged toward 20 cents on the dollar. On Sunday morning there was no news on a successor and President Fernandez was yet to publicly address the departure, suggesting the government had been caught off guard by the exit.

Inside the Economy Ministry, where a large part of Guzman's team also resigned, the feeling was it had become hard to get things done effectively.

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Jerome Powell is the worst Federal Reserve policy maker in my lifetimeOPINION: By succumbing to market expectations of fast rate hikes, the Federal Reserve will create the very recession that the bear market in equities already anticipates, investment banker Joachim Klement writes. and by waiting to raise rates to hold the market up he made the downside worse 🤷🏻‍♂️ Recession is already here the Fed needs to get it over with as quick as possible they need to raise the rate up 2.0 to get this inflation under control. Not .5 go big or go home
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