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"The United States largely has avoided the fallout from Argentina's financial collapse. That could change if the crisis in South America's second biggest economy worsens. The worry is that a serious recession and Argentina's plunging currency could spill over to neighbors still trying to emerge from last year's global slowdown - and eventually reach the United States."
"'The global economy remains very fragile with troubles in Argentina, Japan mired in a decade-long recession and Germany struggling,' said Mark Zandi of Economy.com. 'If something goes badly wrong, it could quickly spread to our economy.'"
" . . . the bigger threat was to trade rather than the flow of investment. Argentina's $3.9 billion in purchases accounted for less than one-half of 1 percent of total U.S. exports last year. But U.S. sales to the rest of Latin America could suffer if Argentina's slowdown depresses growth in the region. Brazil, South America's biggest economy, does nearly one-third of its trade with Argentina."
"'The Latin American economies, like the rest of the world, are trying to recover from the global recession and Argentina's troubles will be a significant limitation on growth'"
"'The Argentine people are suffering and they are blaming foreign banks, the IMF (International Monetary Fund) and the U.S. government . . . The whole process of political reform could be undermined.'"
8:14:39 AM Google It! 
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