Countdown To Default!

[Girino]

so 12 30 for sale...
yesterday evening it was no more than 11 90...
This leaves me "gespantebugen", or at the edge of my seat...

Isn't that bad? I mean, I am looking at dolarblue and it dropped -4,30% compared to yesterday.
I was expecting a spike up!
I will be needing to change money shortly, so I am waiting for the best time to sell.

 

[ajoknoblauch]

I think that depends upon the impact on daily lives here. So far, it is being promoted by CFK et al as a victory over the oppressive USA. The vast majority of people are very uneducated about most any subject and buy what they are told if they like the government. If they don't like the government they reject anything they are told no matter the reason.

The worst case scenario here is that the default drags on, there is another devaluation, inflation starts pumping up, services and products become scarce, more subsidies are cut, and people can't pay their bills. Then we'll have a real problem. In each of these successive steps CFK's popularity will drop..

For Peronists, the most important matter is to continue to poder echar la culpa. Cristina doesn't care what happens the rest of her term because it's simply not her fault. When the next government fails miserably - again, through no fault of hers - Peronismo will have its opening to another década ganada. Lather, rinse, repeat.

 

[French jurist]

Isn't that bad? I mean, I am looking at dolarblue and it dropped -4,30% compared to yesterday.
I was expecting a spike up!
I will be needing to change money shortly, so I am waiting for the best time to sell.

Some people might think there's still a solution (fact it would be more convenient for the Vultures to negotiate in the coming days : CDS). Just a guess

 

[Matiasba]

whats happening now, this case, is the continuation of the US domination, periods 1976-1983 (dictatorship) and convertibility (1991-2002). In both cases, neoliberal total pro-US governments the bases of this case were settled up. Today we have another world with emerging powers, with BRICS, with Russia and China making friends in the region. And we have the total and unstoppable decadence of the US. They wouldnt let this chance evaporate, they wouldnt miss it.

 

[Chet]

Don't know. It is naive to think there's no incompetence in this verdict.

Never explain things with complex conspiracies when simple stupidity will do. (lots more stupidity and incompetence in the world than fancy conspiracies)

 

[ajoknoblauch]

It is naive to think theres no geopolitics in this veredict.

It's absurd to claim there is any geopolitics in the verdict. Only Argentina has attempted to insert the topic, with meaningless moral support from, among others, the US government.

 

[Dublin2BuenosAires]

Apparently, from what I can glean from Ambito the private bank negotiations are ongoing. Settled on 1.4bn as the amount and now trying to settle on cuotas.

I imagine they are asking the creditors if they offer discounts con tarjeta La Nacion?

I suspect that behind closed doors the govt is approving of the iniative but must legally speaking maintain a distance lest they open the pandoras box of the RUFO scenario.

 

[Matiasba]

For Peronists, the most important matter is to continue to poder echar la culpa. Cristina doesn't care what happens the rest of her term because it's simply not her fault. When the next government fails miserably - again, through no fault of hers - Peronismo will have its opening to another década ganada. Lather, rinse, repeat.

dude, they offered them 300% of gain!!! but they want 1600!! whos being unreasonable?

 

[ajoknoblauch]

I agree, Its more than obvious that Griesa wants the Vaca Muerta resources!

At age 84, obviously, Griesa needs some supplementary retirement income.

 

[ajoknoblauch]

dude, they offered them 300% of gain!!! but they want 1600!! whos being unreasonable?

Matías, your ability to invoke non sequiturs has not diminished.