Friday, March 05, 2010

Inside the Sovereign Default Time Capsule

ZeroHedge has a terrific research piece from JP Morgan titled "Sovereign Default Time Capsule:  what people were saying in real time as debt and currency crises played out."

The report looks at the past crises in Argentina, Russia, Mexico, Dubai, Indonesia and China, including plots of the relevant debt issue or currency, and quotes from sources talking about how things were going to be fine - before the blowups happened, of course.

Well worth a read.


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