Financial Crisis in Buenos Aires

With banks and stock prices falling all around us, Sarah and I were lucky to get on the last helicopter out of Vancouver.

I was anxious to see how the Argentinians were coping. So I grabbed my Flip Video camera and went to the park.

This is what it looks like to be delevered. These guys have not been able to get a loan since 2001. If they want something they save up for it. They pay 100% cash for their homes. In times like these, Argentinians convert their pesos to dollars and relax in the park.

Chile 1, Argentina 0

Yet all is not well in the land of tango and red wine. Last night Chile beat Argentina 1-0 in soccer. THAT is a true crisis.