"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

"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