Jornal americano alerta: Argentina vai quebrar

The housing market has been blamed for the sudden drop in the economy and the economic recession the country is facing. Yet, the worst is yet to come, some economists and others believe.

Based once again on the principal of hope and promise, North-Americans are sleep-walking into the future while consumption is still their most favorite past-time sport. In the middle of a financial crisis, we are still spending as if there is no tomorrow. And a credit-card bail-out will soon be imminent – and a greater disaster than the bank bust. But we are still in denial – to the bitter end.