Argentina elects far-right firebrand Javier Milei as president

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3. Well said, Judi. Desperation and impatience are bad counsel - as Argentina's low-information men are about to learn

Real fascists were probably around 1/3 of his runoff voters, to be fair.

Many of the rest voted for him, the way they might've cast a blank ballot in the past: as a mere "anger" vote. This was especially true of low-information men.

But as they're about to discover, things can always be worse.

And they most likely will be even before he takes office - given what's likely to be a sharp run-up in unofficial dollar exchange rates and, inevitably, local prices on the heels of these news.

Should he in fact enact a shock devaluation in December, the economic pain will only intensify - with riots and a possible collapse likely to follow within weeks.

And besides being the "easiest" thing he can do (as it requires only a Central Bank directive), shock devaluation is at the top of the RW elite's wish list (especially Macri's!) - since it would allow them to snap up everything worth owning, for peanuts.

Qué será.

But enough of that. Let me take this opportunity to wish you and yours and warm and very happy Thanksgiving, Judi.

All the Best!