COTD:  Cover of the Day

Any guesses?   

It’s not Juan Peron, who was reelected in a special election in 1973 after serving as president of Argentina from 1946 to 1955 before being overthrown by an “army-navy revolt led by democratically inspired officers who reflected growing popular discontent with inflation, corruption, demagoguery, and oppression.”   

Nevertheless, whatever and whoever, inflation will rule over the medium to long term. Do the math, folks. 

These are the conditions under which Latin American populists bully their central banks to keep rates low, a practice _______ dabbled in last time. The Fed is supposed to be independent, but Mr _____ will have a chance to nominate a stooge as chair in May 2026 and a pliant Senate could indulge him. The risk of more inflation would surge, perhaps exacerbated by more tariffs, which would also slow growth.  –  Economist