RE:RE:RE:RE:RE:Cheap ValuationMayby mugs/alises head deep in the sand should travel to latam to undestand what a fool he/she/the is. A business model for profit and excustions that work well mosy oof the times for north America, Europe, New zeland, Austriala, Jappan, Singapore, Israel and maybe couple more countrie will never and has never worked well in Latam. Why? As soon as a business make a profits in latam they transfer that profit in south Florida. Why it that in South Florida the first spoken language is Spanish? Why is it that Brazil past president Bolsanaro is now in Florida? Capish scemo?
Clearly this practice does not help the development of any country as profits are not re-invest or create jobs in the countries that are earned.
Would any smart business person keep their hard earned profit in curriencies that depraciate up to 10% per month?
Argentina finance minister just few day ago announced an economic plan tta would reduce inflation to 60% annualy by 2026. What country can prosper with a 60% inflation rate? No hope sadly