Argentina Cries All the Way to Its Bankers

Article Abstract:

As predicted, American banks were forced to describe Argentine loans as 'nonperforming' on March 31st. Lost earnings may be recouped if Argentine negotiations with the International Monetary Fund (IMF) are successful and an austerity economic program is implemented in Argentina. When an agreement has been approved by the IMF's executive board, the banks will pay out $1 billion of a $1.5 billion loan granted last year. New loan programs being considered by Latin America's biggest debtor countries, Brazil, Mexico, and Venezuela, are described.

Argentina, Loans

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The Overblown Dollar

Article Abstract:

A strong United States dollar damages the whole world economy. In the United States, businesses cannot compete in local or foreign markets. Manufacturers fare worse than builders and retailers. A plunge of the dollar may be avoided by a tight monetary policy. Government borrowing must be cut before the Federal Reserve can loosen its policy.

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Cuffed By the Fed

Article Abstract:

Paul Volcker, chairman of the United States Federal Reserve System, is worried about deficits in the budget and the external current account. He has tightened money to stave off inflation. This may halt the economy's growth.

Volcker, Paul A.

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