Argentina's financial markets experienced a dip on Tuesday following President Javier Milei's decision to shake up his Cabinet during a U.S. tech tour. Milei, who is on a mission to court tech titans in Silicon Valley, fired his chief of staff Nicolas Posse and appointed Guillermo Francos. The S&P Merval stock index fell 1.5%, and bonds also saw a decline. Milei's tour includes meetings with prominent figures such as OpenAI's Sam Altman to discuss potential investments, including Worldcoin. He also addressed a full house at Stanford University and the Hoover Institution. Despite his global engagements, Milei faces significant challenges at home, including high inflation, rising poverty, and a controversial austerity program aimed at curbing annual inflation of 289%. His legislative efforts to deregulate the economy are also facing opposition in the Senate.
Argentine President Milei travels the world, and his fans are delighted. But back home poverty has spiked to nearly 60% from 44% in December. Protesters demand higher pay. And natural gas is in short supply as winter approaches in the Southern Hemisphere. https://t.co/kPzIN4ezab
Argentina’s Javier Milei took off to California (his seventh foreign trip) as his country’s 46 million people reel from a painful austerity program designed to curb annual inflation of 289% and to slash regulations that undermine businesses. https://t.co/Au1I04BXEo
His economic measures stalling at home, Argentina’s self-styled anarcho-capitalist president, Javier Milei, has taken to touring the world to hold often-raucous appearances before fans and investors, from Israel to Spain to the U.S. https://t.co/gdCGiexSYB
Javier Milei’s main legislative attempt to deregulate Argentina’s economy is one step closer to a decisive vote after weeks of stalemate in the opposition-controlled Senate, @manuelatobiasm reports https://t.co/B4eeLVYncB
The Milei speech at Hoover (in Spanish) https://t.co/ZIjLGQwnZw
thoughts on @Argentina as an American (in Spanish at end): i went to Argentina in December, when @JMilei became President (@lichuacu showed me around Bsas) and one of the biggest culture shocks was stores not having price tags, since inflation was so bad. Prices fluctuate every… https://t.co/JE2B22qemg https://t.co/59wSLfvRRh
thoughts on Argentina as an American (in Spanish at end): i went to Argentina in December, when @JMilei became President (@lichuacu showed me around Bsas) and one of the biggest culture shocks was stores not having price tags, since inflation was so bad. Prices fluctuate every… https://t.co/gWuTTmOjIy https://t.co/59wSLfvRRh
A short summary of today's @JMilei speech at @Stanford @HooverInst; very technical economics heavy speech covering econ history, growth, general vs. partial equilibrium; dangers of models. Overall, critical of how economics has used market failure to justify state intervention. https://t.co/SxVLmP1Tmt
Argentinian President @JMilei gave a talk at Stanford today https://t.co/xD4HQkLxOO
The Milei speech at Hoover https://t.co/F7XAGNA1cM
Full house at Stanford University for Javier Milei speech https://t.co/Mgmz4bjLks
OpenAI's Sam Altman and Argentinian President Javier Milei discuss Worldcoin investment https://t.co/Q2OHPmQ740
Packed crowd for Javier Milei (@JMilei) at @HooverInst https://t.co/DqpQwJZpxL
Argentina’s President Javier Milei convenes with OpenAI's Sam Altman. Follow: @AFpost https://t.co/BP3LcPbVfQ
Argentinian president to meet Silicon Valley CEOs in bid to court tech titans https://t.co/fhuieUk4Em
🚨🇦🇷ARGENTINA MARKETS DIP AFTER PRESIDENT MILEI SHAKES UP CABINET Argentina’s financial markets dipped on Tuesday after President Milei, on a U.S. tech tour, fired his chief of staff Nicolas Posse and appointed Guillermo Francos. The S&P Merval stock index fell 1.5% and bonds… https://t.co/89gTEh3IhC
🔵 ARGENTINA MARKETS DIP AS GLOBETROTTER MILEI SHAKES UP CABINET Full Story → https://t.co/fiGgcsPwCB Argentina's financial markets dipped on Tuesday after libertarian President Javier Milei, traveling on a U.S. tech tour, shook up his Cabinet, firing his chief of staff and… https://t.co/g9iestajH8