This Is How A Hedge Fund Brings An Entire Country To Its Knees!

Is it time to start crying for Argentina? Argentinian Bond Market is in turmoil not seen for many years. Right now Argentina is in danger of a calamity.

How did it all happen? It all happened when one hedge funder decided to make money off of Argentina distressed debt using a tried and true hedge fund strategy. That’s right, bringing a country to its knees is a “strategy.” According to a U.S. court’s ruling, if Argentina does not pay a group of hedge fund managers over $1.3 billion worth of bonds by July 30, the Republic could go into default. If it goes into default — investors lose faith its capacity to pay, interest rates on its bonds surge, and the country is forced to print money to pay creditors — its economy could tailspin.

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