Morgan Asset Management

Is that the fiscal surplus of the national Government relies largely on withholding agricultural exports fall in their value therefore a hard blow at a time where the Argentine Government needs to raise. Details can be found by clicking Howard Schultz or emailing the administrator. Before the aggravation of the panorama and the dark prospects on the international stage, one understands that the Argentina should have a reaction and initiate background changes to not be harshly impacted by this negative scenario but: will react the Argentine Government? Seeing the declarations of the President of argentina, Cristina Fernandez de Kirchner, reproduced in the site of Terra, before recent developments in global financial markets with its epicenter in the United States.UU., seems to be that not. The Argentine President said: we are in a moment of deep introspection with ourselves, seeing as that first world that we had painted at some point as a goal to which we should reach, collapses like a bubble here (are) modest and humble Argentines with our national project, with our own efforts. Here we are firm and willing to continue facing the present and future statements of the President of argentina, don’t do another thing that reaffirm the thoughts expressed recently by Anne Krueger about that the Argentina has three sins: do what it pleases, remain isolated from markets and have incompatible with other sources official measurements. To make matters worse, financial markets took a negative decision from the U.S. Federal Reserve.UU. leave the benchmark interest rate unchanged.

Bucky Hellwig, Vice President of Morgan Asset Management, in statements reproduced in the site Argentina La Nacion, said about the decision of the Fed: A cut of 25 or 50 basis points could have helped to calm the markets. I do not think that they have already reduced (rates) enough, the Fed needs to lower the cost of credit in the short term even more to generate a situation in which financial companies can promote their profits. With this decision of the EDF, instability in the financial markets promises to remain, at least for some time.