The companies that decide to stay are expected to be extremely reluctant to make major commitments of capital to the country given the sheer evidence of regulatory uncertainty and state heavy-handedness.
More Quotes from Alberto Ramos:
The market is getting ready for re-election to go ahead.Alberto Ramos
Investment spending continues to be very vigorous. There was 26 percent growth in investment in the first half of the year.
Alberto Ramos
The country's adherence to fiscal discipline, despite low debt levels, is commendable and reassuring for investors.
Alberto Ramos
The other surprise was that imports came in a little bit too low, 14 percent growth year over year is the lowest year over year growth in the last two years... I think the fall in imports is a little bit atypical. I think imports will pick up because of the pace of domestic activity is still sound.
Alberto Ramos
The very good performance of exports, 36 percent year over year, was somewhat expected given the rally in copper prices, but still a very solid number.
Alberto Ramos
The carry is so attractive -- we are talking about yields that are the highest in the world. It's still a very attractive trade to be in.
Alberto Ramos
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