Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (18716)	5/5/2002 5:20:21 PM
From: smolejv@gmx.net	Read Replies (2) of 74559

My impression about Argentina is, that she became a playing field for fast money, that the government was borrowing at an ever faster rate. And then the moment came, when the rug got yanked from under their feet - there were no lenders anymore, just the reminders for interest payment coming in. The money of course never left the clearing house. It had absolutely no effect on the economy - why for Xsake should it? It's not the government would not stick to the rules. It was just, sad to say, the wrong set of rules ("open up your economy to foreign capital, get the controls down yada yada yada"). So. They should have a different government. Fine. Have a different kind (you'll get there) of economy. Etc. Eventually they would need a complete graft - iow a different population. As the east german joke, put into the communist cadre's mouth, went:"If it will not work, we will have to get a better nation".

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