The peso will drop to 4.18 per dollar by the end of 2009 - Bloomberg
[url]http://www.bloomberg.com/apps/news?pid=20601086&sid=ahe3ee_eHap8&refer=latin_america[/url]
Argentina: The superpower that never was
[url]http://www.ft.com/cms/s/2/778193e4-44d8-11de-82d6-00144feabdc0.html[/url]
Argentine history; common asumptions.
The report Damman gives the link to makes a very common asumption on what was the agricultural base for Argentina in the 19th and 20th centuries. It was not cattle then and it is not cattle now. In the 19th century it was wool and the province of Buenos Aires was full of sheep. Toward the end of the 19th century and right through to the present, cereals and now soya beans are the mainstay. Cattle were important but were at the most, one third of rural production. Source: Rock, David "Argentina 1516-1987" UCal 1987. (With actual official figures). Herding of sheep multiplied the numbers of rural labour 100 fold. And incidently, Rock suggests that political popularism is the primary cause of Argentina's trevails. Such a simple answer.
Argento