Argentinian President Javier Milei arrives for talks with German Chancellor Olaf Scholz at the Chancellery on June 23, 2024 in Berlin, Germany. This is Mileis first official visit to Germany as president. (Maryam Majd/Getty Images)
It has been a year full of surprises and opportunities for financial markets – and could shape up to be a great opportunity for fixed income investing, says Albert Botha.
The year 2024 was already slated to be the busiest one for elections in recorded history, but has surpassed expectations with a series of unexpected results. The groundwork for this shift was laid in December 2023, with the inauguration of Javier Milei as Argentina’s president. Milei, a self-described “Anarcho-Capitalist,” has advocated for minimal state intervention and fiscal conservatism.
His radical approach has already yielded results: Argentina recorded its first week without inflation in over three decades in June 2024.
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