The vineyards are on the rolling pampas, close to the River Plate, and enjoy balmy weather most of the year.
He's travelling with his 15-year-old daughter and when she vanishes into the pampas, he goes on a desperate quest to find her.
The main fund he manages has returned 8% a year for the past decade, double the average for funds that invest in sovereign bonds.In this section Where others fear to tread Full of holes Bonded labour Work, save, move The lonely locomotive Well below par Low-calibre munitions The sages of the pampas Frequent but inefficient ReprintsBig, contrarian bets have become Mr Hasenstab's trademark.
Moreover, after the pampas suffered a severe drought last year, they are now enjoying a bumper harvest.
Even with a $15 billion IMF-built firewall across the pampas, Brazil could be in serious trouble if Argentina collapses.
Despite a drought, Argentina's fertile pampas have produced a record grain harvest this year.
The last two options may be preferable, but they are not easy.In this section Where others fear to tread Full of holes Bonded labour Work, save, move The lonely locomotive Well below par Low-calibre munitions The sages of the pampas Frequent but inefficient ReprintsFirst, the problem.
Asia's rising demand for food has pushed up the price of exports of soyabeans and other products from the bounteous pampas in relation to the price of the country's imports.
The pampas were divided up less equally than farmland in places like the United States or Australia: the incomes of the richest 1% of Argentines were strongly correlated with the exports of crops and livestock.
By 2005 the SNB had sold half its gold 1,300 tonnes.In this section Where others fear to tread Full of holes Bonded labour Work, save, move The lonely locomotive Well below par Low-calibre munitions The sages of the pampas Frequent but inefficient ReprintsThe SNB then added insult to injury, by acquiring big reserves of a different sort.
Out in the pampas, farmers are buying new tractors and trucks, and market towns are buzzing with life.For Roberto Lavagna, the economy minister, this is vindication.
