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Monday, December 13

What Argentina looks
like today

I saw this last month:

"So if you ask the question: do we (America) look like Argentina, the answer is a whole lot more than anyone is quite willing to admit at this point. We’ve become a banana republic."
--Paul Krugman, Princeton economics professor and NYTimes columnist, on the dangers of the expanding deficit and weakening dollar

But then from yesterday:

"Today, the feeling among economists in Buenos Aires is that the country is over the worst. Yes, Argentina is struggling with a complex debt restructuring process, but the economy has staged an extraordinary recovery.
Phoenix-like, the economy has risen from the ashes."
--from "Argentina's miraculous recovery owes little to the IMF", the Guardian

Maybe he should pick a new example..