Who the hell keeps lending this banana republic money? Seriously. Are there really that many people who have never cracked a history book?
http://www.reuters.com/article/2014/06/ ... 9620140617
Argentina: More trouble as sovereign default looms
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Ad Orientem
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Argentina: More trouble as sovereign default looms
Trumpism is not a philosophy or a movement. It's a cult.
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goodasgold
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Re: Argentina: More trouble as sovereign default looms
Argentine bonds sound like a bargain to me! (obvious sarcasm 
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According to the article, the most recent sucker-victims of serially bankrupt Argentina "accept[ed] between 25 and 29 cents on the dollar" in their latest shellacking.
And you are right, Ad, who on God's green earth would loan a nickel to Cristina Kirchner & Co., or to her heirs and successors? As the old saying goes, "fools rush in where angels fear to tread."
) According to the article, the most recent sucker-victims of serially bankrupt Argentina "accept[ed] between 25 and 29 cents on the dollar" in their latest shellacking.
And you are right, Ad, who on God's green earth would loan a nickel to Cristina Kirchner & Co., or to her heirs and successors? As the old saying goes, "fools rush in where angels fear to tread."
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MachineGhost
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Re: Argentina: More trouble as sovereign default looms
Sadly, its the yield-chasing behavior induced by pension funds courtesy of your friendly-neighborhood Federal Reserve.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!