Argentina... again

Discussion of the Bond portion of the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3271
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Argentina... again

Post by Ad Orientem » Fri Jul 31, 2020 7:52 pm

LOL, some people simply deserve to lose their money. Anyone stupid enough to lend money to a country where defaulting on sovereign debt is the national pastime, falls into this category.

https://www.nytimes.com/2020/07/31/busi ... Position=1
User avatar
Kriegsspiel
Executive Member
Executive Member
Posts: 2697
Joined: Sun Sep 16, 2012 5:28 pm

Re: Argentina... again

Post by Kriegsspiel » Fri Jul 31, 2020 8:08 pm

I agree. Argentina defaults every few years. I'm glad I don't have an inclination to lend them money.
There's this very disturbing set of studies where about half the articles printed in Science and Nature magazines, the two leading publications, involved experiments that could not be repeated by anybody.
- Peter Thiel
User avatar
Xan
Administrator
Administrator
Posts: 2688
Joined: Tue Mar 13, 2012 1:51 pm

Re: Argentina... again

Post by Xan » Fri Jul 31, 2020 10:45 pm

I do, however, have money with Blackrock, which this article has me rethinking for a number of reasons.
User avatar
Kriegsspiel
Executive Member
Executive Member
Posts: 2697
Joined: Sun Sep 16, 2012 5:28 pm

Re: Argentina... again

Post by Kriegsspiel » Sat Aug 01, 2020 6:26 am

Yes, it's smart to know what the people you let manage your money for you are doing with it ^-^ I think Blackrock also owns a silly amount of rental real estate that they picked up after 2008.
There's this very disturbing set of studies where about half the articles printed in Science and Nature magazines, the two leading publications, involved experiments that could not be repeated by anybody.
- Peter Thiel
Post Reply