Add Javier Milei's party victory in Argentina to Japan's populist wave (SA community)

[C C]

Not sure what the polls and experts were actually predicting, but all the media anger against Javier Milei came across as pessimism that his party would not win much. Of course, it's becoming a common thing for polls and pundits to get it wrong when populists run for anything, anyway. As if the strong emotions and their biasing of data acquisition and analysis is going to magically affect the election results.
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https://www.latimes.com/world-nation/sto...us-support

KEY POINTS: Milei’s party captured over 40% of votes in Argentina’s midterm elections, securing enough congressional seats to advance his radical economic reforms and defend vetoes. The triumph marks a remarkable recovery from a defeat last month and a significant setback for the Peronist opposition movement. Milei’s campaign was helped by backing from the Trump administration, including a $20-billion currency support package.

Big win in midterm vote for Argentina’s President Milei boosts markets and vindicates Trump
https://apnews.com/article/argentina-mid...dfcbb279b9

INTRO: Markets in Argentina rallied, the peso surged and government bonds jumped on Monday as President Javier Milei hailed his party’s resounding victory in midterm congressional elections as a mandate to press ahead with radical free-market reforms of Argentina’s long-troubled economy.

Investors regained confidence in the chronically depreciating peso they had been dumping in droves just last week to hedge against a Milei defeat. The currency surged more than 10% on Monday after markets opened, closing 3% higher at 1,460 pesos per dollar.

Argentina’s local Merval stock index finished with a 21% gain at closing and the country’s dollar-denominated bonds set to expire in 2035 rose as much as 14 cents during trading hours. The price movements following Milei’s party more than doubling its representation appeared to validate the Trump administration’s bet on its close ideological ally in South America.
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RELATED (scivillage): Sanae Takaichi wins in Japan

[Yazata]

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[Syne]

Gotta love Melei. A much harder job than in the US, but seeming to be very effective.