Supreme Court Ruling Against Argentina: Global Consequences

Today’s US Supreme Court ruling from Argentina will result in a likely set of counter punches but the bigger issue is how this will ultimately reshape government debt defaults to come not only in the developing world, but in larger, “wealthy” nations as well.

Supreme Court delivered a one-two punch against Argentina

In refusing to hear an appeal of a lower court ruling against Argentina, then additionally ruling in a separate matter that bank records must be made available to the holdout hedge funds, the Supreme Court delivered a one-two punch.  The first ruling cemented a new debt default...