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Argentina: More trouble as sovereign default looms
Posted: Tue Jun 17, 2014 11:26 am
by Ad Orientem
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
Re: Argentina: More trouble as sovereign default looms
Posted: Tue Jun 17, 2014 11:51 am
by goodasgold
Argentine bonds sound like a bargain to me! (obvious sarcasm
)
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."
Re: Argentina: More trouble as sovereign default looms
Posted: Tue Jun 17, 2014 11:58 am
by MachineGhost
Sadly, its the yield-chasing behavior induced by pension funds courtesy of your friendly-neighborhood Federal Reserve.