Thursday, June 13, 2013

This is what crisis feels like

On December 1, 2001, Argentina's economy was in trouble. Unemployment was high, debt was high, and recession had taken hold. But life was somewhat 'normal'. Basic services still functioned. And no one had to really worry Or water.

Then it all changed. Literally within a day.


Of course, we kept thinking, "why didn't we see this coming? Why didn't we do something sooner?"

If only we had moved some money out of the country before, or taken steps to safeguard his pension, life would have turned out much differently.

It's like that old saying–better to be a year (or decade) too early than a day too late.

Because one should never underestimate the speed with which things can unravel.