How Argentina Survived Its Default?

As a commenter in the following post commented, the comments seem to be better than the initial post.

From Naked Capitalism:

Even notice nothing is ever said in the mainstream media about Argentina’s economy, save that it had a big default? You’d never know the following about Argentina:

What is particularly striking is how quickly Argentina’s economy rebounded after its default.

Notice the Argentinian example disproves one of the Big Lie about default, that foreign capital will take a hike and the consequences will be dire.

Shorter version: sacrificing your economy on the altar of the Bond Gods may not be such a good idea.

http://www.nakedcapitalism.com/2011/10/the-verboten-story-of-argentinas-economic-success.html