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Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis
  • Argentina is on the brink of financial crisis after a shocking primary election saw President Mauricio Macri lose to Alberto Fernandez and his running mate, former president Cristina Fernandez de Kirschner.
  • The S&P Merval Index plummeted 48% Monday, the second-largest single-day drop for any stock market since 1950. 
  • The Argentine peso fell 15% against the US dollar Monday, and extended losses on Tuesday.
  • Investors are worried that Argentina will default on its debt again. 
  • Read more on Markets Insider.


Full "The Business Insider: The Money Game" article

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