20 October 2011

ARGENTINA / BRASIL: Kirchner Cruising To Reelection...And Coping With Brasil's Slowdown.

                                         WSJ/ M.MOFFETT

      New polling predicts an easy 55% victory for CFK in Sunday's presidential election.
      But Cristina Kirchner must now worry about neighboring Brasil's slowing growth...from more than 7% in 2010...to an estimated 3.5% this year...and perhaps next.
     Plus it's weakening currency...the real...closed around $1.80 per usd today.
     Argentina's biggest cash crop...soybeans...are also down 10% in just the past 3 months.
     And 80% of its auto exports go to Brasil.