Who is Stupid Enough to Buy Argentina’s Lies or Its Debt?

Since 2007, Argentina has saved $6.8 billion in interest payments on its government-issued, inflation-indexed bonds, according to Buenos Aires-based research firm ACM Consultores. That would be good news, except for the fact that, in this case, the word “saved” could be replaced more accurately with “chiseled.” The International Monetary Fund recently took the rare step [...] View the full post at: Who is Stupid Enough to Buy Argentina’s Lies or Its Debt? Related posts: How Argentina Survived Its Banking Collapse The mighty $ getting dumped Market: Lies, Damned Lies and Statistics