Displayed by Argentina’s inflation, when a local currency plunges in value, the demand for U.S. hundred dollar bills skyrockets.
The Country That Was Called a Serial (Debt) Deadbeat
When an emerging markets nation like Argentina has a vulnerable economy, then the pandemic lockdown can create a sovereign debt default.
A Sad Soybean Saga
From U.S. farm income to Brazil’s exports to a racing cargo ship, the impact of China’s retaliatory soybean tariff has had a global impact.
Our Weekly Roundup: From Argentina to North Dakota
Today’s weekly roundup includes the everyday economics of sovereign debt defaults, oil boom towns, athletes’ labor markets and the GDP.
Argentina's (Long) Default History
With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.