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Argentina Collapse Timeline

March 31, 2011

I have been reading about the Argentinean economic collapse, attempting to get a glimpse into our future. See it for yourself here.

its interesting to note that they made poor choices, and kept extending their debt via various loan modifications, etc. But it was external shock (Asia, then brazil, etc) that caused the meltdown. You can draw a lot of parallels to the US situation. Maybe Japan will be our “push” over the edge?

The point is, the US walks a very fine line and is able to continue this perpetually. Eventually a wind will come and blow us off balance.

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