DON'T START THE WAR Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : DON'T START THE WAR

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GUSTAVE JAEGER who wrote (25327)	8/2/2003 10:40:46 AM
From: Hawkmoon	Read Replies (1) of 25898

The real danger is that rather than see it as just one nation's failure, restless left wingers will point to Argentina, a country that went full thrust with the free market, and say it is evidence that capitalist reforms simply don't work." That's certainly not the fault of the US... It's a global economy Gustave... Mutual funds, hedge funds, bond funds, etc.. If the Argentinian government and people are unable or unwilling to create the legal and political conditions to entice a portion of that investment capital to deploy there, then they will continue to suffer... Argentina will likely be required to devalue it's currency, just like certain stocks have to be devalued in order to attrack risk capital... This is not a surprise to the global markets, because they are anticipating exactly that event to occur before they see the risks reduced enough to justify investing there again (bargain hunting). I suggest you read Thomas Friedman's "Lexus and the Olive Tree".. And then re-read it, as I just finished doing.. Hawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next