Bad Credit Analysis

This chart was interesting. How many years various Latin American countries have been in default in the past 180 years. Now, you'd think, 10, maybe 20. Oh no, try like 80-100 freaking years.


Why would any sane rational person loan money to anybody south of Texas and north of the South Pole? Is it any wonder that Argentina defaulted on $132 billion? Is it any wonder why most Hispanic countries have a fraction of the income per capita that Americans do?