Mid-Term Elections: Asset Implications

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In the end, Argentina's mid-term election results proved worse for President Cristina Fernández than even we had previously anticipated. Not only did her ruling Frente para Victoria bloc suffer a major defeat at the ballot box, losing majorities in both houses, but her husband (and former president) Néstor Kirchner also suffered an embarrassing defeat in Buenos Aires province. In yesterday's DFA, we discussed the political ramifications of the outcome