Stories by Dion Rabouin

Argentina's Mauricio Macri has the country in a "Macrisis"

Photo: Mario De Fina/NurPhoto via Getty Images

Argentine President Mauricio Macri came to office as a pragmatic businessman who was going to save Argentina's government and economy from socialism. As this year's presidential election approaches, socialism isn't looking so bad.

What's next? Investors are beginning to fear the worst — that Macri will lose this year's election to former President Cristina Fernandez de Kircher, who defaulted on the country's sovereign debt in 2001 and refused to come to terms with "vulture" creditors.

Jobless claims are near a 50-year low and it's no fluke

Data: Federal Reserve Bank of St. Louis; Chart: Axios Visuals

The Fed's growing interest payments

Data: Deutsche Bank Securities; Chart: Axios Visuals