By Federico Tessore – Pasaporte Inversor (Argentina) –
Schools don’t open on time. Traffic in Downtown Buenos Aires is a mess every day. You can see the signs of poverty all over the city and it’s getting worse every day. The main workers’ union, the CGT, is preparing to go on its first strike. The opposition is becoming more and more united and all the different opposition groups look like they’re on the same page.
Cristina (Fernandez de Kirchner, the former president) could run for office in October and win.
Despite all these things, I’m thrilled about Argentina.
“Why?” you might ask yourself.
Am I overly optimistic? Have I had one too many drinks and can’t see straight? Am I out of my mind?
Not a bit.
I think Argentina as a country is a great investment opportunity in the mid to long-term. I’m talking about a minimum period of 8 years, and better yet, 12 years. The same amount of time the previous Kirchner administrations (with Nestor Kirchner and then his wife, Cristina Fernández de Kirchner, as presidents) lasted.
I recently took part in the ExpoEfi Economy conference at the Hilton Hotel in Puerto Madero, and it gave me a better understanding of the overall picture.
Along with presentations by other members of our team, like Diego Martínez Burzaco and Iván Carrino, I had the opportunity to hear what many experts with diverse viewpoints had to say. I heard speeches from businessmen and economists, sociologists and journalists, all with different opinions. Businessmen in general were very negative about Argentina. Economists offered mixed views: some positive, others negative. Investment experts gave very positive forecasts.
What did I learn from listening to all these different points of view?