TO URUGUAY: WEDNESDAY, OCTOBER 17
The ferry company, Buquebus, runs fast boats and slow boats across the River Plate to Uruguay. I choose the slow boat to Colonia. The fare for myself and the Baby Honda is US$48. The passage takes three hours. The fast boat crosses in an hour and costs twice as much. New and gleaming apartment buildings dominate the Buenos Aires water front. Most developers and apartment owners are foreign. Few Argentines can afford the prices. Of those that can, few would risk their savings within Argentina. Mortgages? In Pesos? Don't be silly. The President has announced a ceiling on bank rates. The ceiling is 10% below the true rate of inflation. Banks aren't lending. Argentines hold their breath and close their ears and close their eyes and wait for the next crash.
Weep for me, Argentina.
I prefer to weep for Argentines.
