Argentina... again

Discussion of the Bond portion of the Permanent Portfolio

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Ad Orientem
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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
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Kriegsspiel
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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.
You there, Ephialtes. May you live forever.
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Xan
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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.
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Kriegsspiel
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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.
You there, Ephialtes. May you live forever.
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