[Napablogger]

I would love to hear comments on this from economists who know more than I about such. My take is that the way they are doing this is basically by stiffing their creditors,and if an economy gets a free $100 billion stimulus, it is not surprise that it is doing better. Comments?

[DManA]

People imagine the world they want, then build it. Economics follows dreams.

[kipita]

Economic forecast and related predictions are guided by similar forces as the US Stock Markets. First, guaranteed stability and next the hard numbers. The US and Europe are the only real models to apply the hard numbers in a logical and meaningful way to predict future economic conditions.

[CzarNicky]

The moral of the story is don't get in bed with the IMF and World Bank.

[HardStarboard]

>>> it is not surprise that it is doing better. Comments? <<<

Yep! Dumping $100 Billion of debt is bound to stimulate the Argentine economy.

Unfortunately, it is also likely to stimulate every other third world country to default on their debt too! And, it would be my guess that the USofA is the holder of most of that debt....

[Chewbacca]

Maybe it has something to do with the fact that the Argentine Central Bank has been buying up gold bullion to back the government currency.

[hripka]

So, is there any hope for US?

[Napablogger]

thanks everyone, now I am more confused than ever:) I guess the IMF is bad news, but I think they at least need to have some plan to pay this money back or get forgiven.