Venezuela and PDVSA default

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ochotona
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Venezuela and PDVSA default

Post by ochotona » Sun Aug 06, 2017 6:56 pm

There is a very good chance Venezuela and Petroleos de Venezuela (PDVSA) will default on their bonds. Payments due in October and November 2017.

If this happens, you will hear rhetoric from Caracas along the lines of,

1. Fark you, imperialist running dog yanqui scum
2. Give us our farking money

Kind of like when an addict has no cash but needs a fix.
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europeanwizard
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Re: Venezuela and PDVSA default

Post by europeanwizard » Fri Aug 11, 2017 4:49 am

This has happened before, right? I find this hugely interesting, especially with the recent very successful Iraqi bond sale.

Has anyone here invested in risky state bonds, as part of their variable portfolio? If so, why?
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ochotona
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Re: Venezuela and PDVSA default

Post by ochotona » Sun Aug 13, 2017 10:00 am

Meanwhile, outside of 'Murica,

PDVSA's year-on-year revenues are down 33.5%.
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