It's been five months since Javier Milei was sworn in as Argentina's president - a head of state taking a chainsaw to his state with no Congressional majority and in a country with a long tradition of street resistance. In response to the first stage of his shock therapy, the economy is expected to shrink by more than 3% this year while inflation is touching 290%. Yet the president is sustaining his approval ratings as Congress prepares to approve a second dose of therapy."Success would be that next year we see 30% inflation and at least 3% growth," says Ignacio Labaqui, Medley Advisors' Argentina specialist, in this edited internal meeting. He discusses the administration's next policy steps, IMF support and criticism, labour adjustment, and Milei's approach to China and the US.

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