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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (21912)10/18/2001 1:03:05 PM
From: Challo Jeregy  Read Replies (2) | Respond to of 52237
 
Warning: Argentina will default
Commentary: Biggest debt crisis in years is looming

(sorry if this has been mentioned - just now playing catch-up with posts)

By Paul Erdman, CBS.MarketWatch.com
Last Update: 3:25 PM ET Oct. 17, 2001

SAN FRANCISCO (CBS.MW) -- The world is about to be hit with the biggest debt and
currency crisis in years.

It is only a matter of days before
Argentina will default on its sovereign
debt -- which now amounts to $132
billion.

Neither the International Monetary Fund
nor the Bank for International Settlement
nor the United States Treasury will step
in to prevent this since none of them are
willing to throw more money down that
black hole.

cbs.marketwatch.com