The Absolute Return Letter, March 2014 : A Century of Policy Mistakes

A Century of Policy Mistakes

A century ago Argentina ranked as one of the wealthiest countries in world. Today it is a shadow of its former self. A long string of policy errors explain the long slide from riches to rags. Europe, like Argentina 100 years ago, is facing enormous challenges – as well as potential pitfalls – and the management of those challenges will define the welfare path for many years to come. Unfortunately, the early signs are not good. Our political leaders, afraid to face public condemnation, have so far chosen to ignore them.

Read the full newsletter at http://www.arpinvestments.com/The%20Absolute%20Return%20Letter%200314.pdf

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