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A comment on Battery technology may emerge as a trillion-dollar threat to credit markets. Parent comment

Re:Battery technology may emerge as a trillion-dollar threat... by alecco on Sunday October 23, 2016 @05:03PM (#12775413)
Argentina didn't decide. It couldn't pay the interests anymore. It was a snowball of crazy high interest rates in a foreign currency. You can't pay your debt if it's much higher than GDP growth even with a surplus. And Argentina had neither growth nor surplus, thanks to the idiotic IMF economic plans with a currency pegged to the US dollar.

A better point might be, why were they lent money in the first place?!?

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Re:Battery technology may emerge as a trillion-dollar threat... by lambertsimnel on Sunday October 23, 2016 @06:24PM (#12775720)
Debt to GDP ratios can also be described in terms of how long it takes to produce GDP equal to the debt. Owing 100% of GDP is owing one year's product. Whether that's a significant dividing line depends on rates of interest and growth.
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Re:Battery technology may emerge as a trillion-dollar threat... by Mindcraft on Sunday October 23, 2016 @06:01PM (#12775639)
And to a de-facto government.
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