Economist Joseph Stiglitz isn’t shy about his opinion on Argentina’s default. Stiglitz says America will suffer from Argentina’s Default Saying “America will suffer, too,” Stiglitz touches on the issue discussed behind closed doors. The US legal decision to rule against Argentina was a “travesty” that “will carry a high price,” he says, contrary to the assurances of the financial establishment. It was not a decision backed by the Obama administration, but rather a court decision that is being called into question. The Obama administration had actually indicated their support for the Government of Argentina, indicating that the issue could damage…
Stiglitz Says Argentina Ruling Could Harm US Interests
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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