WSJ/ M.MOFFETT
While many in Buenos Aires are hailing tomorrow's probable landslide re-election of President Cristina Fernandez...there are at least 12 economists who fear her continued persecution and prosecution.
Why?
Because of a vague consumer law that forbids and severely punishes their calculations of inflation and fines of 500,000 pesos/$119,000.
While the government officially has declared an annual inflation rate of 9.9%...those economists calculated a rate 2-3 times more.
In September...the government claimed just .08 inflation...while outside experts came up with 1.89%.
It matters to Cristina because Argentina's debt repayment must include inflation.
Meanwhile...the 12 economists suffer from stress and worry over huge legal bills.
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