The problems Argentina is having in trying to resolve its debt issues is the manifestation of a larger problem – how should the financial defaults of countries be handled. Government defaults are not the same as private defaults. But they are important and at present, they are ‘worked out” largely on an ad hoc basis.
Argentina is a great natural resource rich country. But it has been side-tracked by its current President and her crazy policies. The article explains and offers a prescription for the future.
Global attitudes of the US have fallen dramatically since the end of WWII. This article explains why. It goes to suggest what could be done to at least start the process of making the US an effective world leader once again.
A review of the Peruvian economy attests to the fact that the rest of the world is recovering from the global recession that resulted from the Western banking collapse.