Wednesday, July 30, 2014

Today's Video - Slamming the Brakes

Argentina will likely fall into default after last-minute talks between government officials and creditors failed to reach in agreement.  But will a potential default doom the Argentine government and lead to a major economic crisis in the country? Or is the pessimism misplaced and an overreaction?  Perhaps the following video on Buenos Aires car dealerships can provide us with some clues:

Video Source - Bloomberg News via YouTube

Online Sources - Reuters; The Guardian; Quartz

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