Argentina Will Probably Default in Early 2020, Wells Fargo's Bennenbroek Says

The video discusses the current performance of the Argentine peso against the US dollar, highlighting the challenges it faces despite recent election results. It explores the potential impact of the new administration's policies, the relationship with the IMF, and the likelihood of Argentina defaulting on its debt. The discussion includes expectations of a significant bond haircut and the market's anticipation of a larger impact than the government suggests.

What challenges does the new administration face regarding the peso?

What is the expected relationship between Argentina and the IMF?

What percentage of Argentine government debt is in non-Argentine peso currency?

What factors contribute to the likelihood of Argentina defaulting?

What is the anticipated haircut on the bonds according to the discussion?