Argentina's carry-trade market exceeds stock market size, Saifedean Ammous argues

Argentina's carry-trade market exceeds stock market size, Saifedean Ammous argues
Argentina reliant on carry trade, investment low

Saifedean Ammous, author / academic at Self-employed, argues that Argentina is seeing little foreign investment because its economy is dominated by the carry trade, which he describes as a "ponzi" scheme.

Ammous states that the carry-trade market is now more than twice the size of the Argentine stock market, contributing to a lack of diversified industry and discouraging foreign capital.

Ammous has previously encouraged participation in a mailing list focused on bitcoin and Austrian economics. He also stated that Spain’s influence on eurozone inflation is limited due to its smaller share of GDP. His recent comments on Argentina add to his record of critiquing monetary policies and investment conditions.

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