An entire country defaulting on its debt? After a fight with US hedge-funders? This is the stupidest nuclear option yet
Every once in a while you get a crazy financial story that makes you wonder how smart the people in charge really are. Argentinas recent flirting with economic default is proof that the average consumer, managing a few thousands, could probably do a better job than politicians with billions at their disposal.
If you read the papers, you would believe that the land of tango, gauchos, Malbec and great steaks is on the verge of self-destruction: Argentina dances with default, groused a Wall Street Journal headline. Argentina nears cliff in risky debt game, chided the Financial Times.
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