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LAT : "Times are good in much of Argentina, where farm and manufacturing booms have set the economy on fire the last two years. Incomes are rising. Poverty is in decline. Argentines are buying cars and taking foreign vacations."
Exports there will reach $80 billion in 2011...about 3x the crisis year of 2002.
The soy harvest up 67% in the decade.
But inflation persists at 25% annually.
And the government continues to provide many costly subsidies.
"No one questions that the economy is running well, but it's running on steroids," reports Goldman Sachs. "It may be like the sprinter who runs fine for 60 yards and then tires."
Another observer is more candid: "The good times are an illusion, like a vacation at Disney World. And Argentina's stay at Disney is about to end."
