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Things in Argentina are really bad, the government is running out of dollars so there will be a massive devaluation after the elections with a high risk of hyperinflation. People are hoping Macri gets elected and magically fix everything, I am not so optimistic. If Scioli wins, we will end up like Venezuela, if Macri wins, we will end up like Greece, but much worse.
Fortunately Brazil woke up before it's too late, but they will have at least two years of recession.