With so many countries around the world now racking up debt like there’s no tomorrow it comes as no surprise that new indices are being launched to track this.  It will be interesting to see just how accurate the indices are or if they are able to give advance warning.  There is an article on it in the FT here.

Very interesting article on bankrupt countries The Ghost of Argentina: What Happens when Countries Go Bankrupt? – SPIEGEL ONLINE – News – International

The article contains well researched analysis of the situation in Argentina, Pakistan, Hungary, Ukraine and others. Of course a big worry is that the smaller countries might drag some larger countries down with them.

It’s fairly depressing reading so I recommend listening to Glenn Gould play Bach as an antidote!