News In The Usa Is Argentina Might Default Again

[GS_Dirtboy]

Okay the debt levels haven't increased, I guess I was just imagining that <_< . And I forgot that we have Ben Bernanke to save us. A real Super-Hero like Spider Man.

Or is this just another example of US arrogance that nothing can happen to the great super-power?

Sometimes you take yourself too seriously.

 

[dennisr]

Where is this headline?

The best I can come up with, and it is not like anything we did not already know:

"Investors are bracing for the possibility of another default. The country’s average dollar bond yield of 12.4 percent is the highest among major developing nations after Venezuela. Trading in swap contracts that insure bonds shows investors see a 79 percent probability of a halt in payments over the next five years, a reflection in part of concern that Singer’s demand of full repayment on the securities he kept from the 2001 default will disrupt debt servicing."

 

[Rich One]

There is 30 billion left more or less, why might be there a default?

nothing to do with reserves if they don't pay the current debt, can become a welfare state ...... so many funds so little time,

 

[D.B. Cooper]

That is actually a link to your AOL email account.

Thanks !!!. I updated the link.
Can you delete my link please ?
Thanks.

 

[D.B. Cooper]

That is actually a link to your AOL email account.

Can you delete my link please ?
Thanks.

 

[Bajo_cero2]

Again, why they would t pay?
As far as i read in the newspapers today, they want to pay even more: club de París.

I think that they want to do an "devaluación administrada", in stallments by oposition to a Rodrigazo (Google it: a huge devaluación overnight by decree).

 

[John.St]

According to Matias, it is much better than 2002, which means that it is near nirvana.

It is much better than 2001-2002, albeit very far from Nirvana.

If you didn't experience Argentina 12 years ago, you ain't seen nothing yet, unless you have visited Shit City in Mumbai.

I remember those ex-middle-class people looking like concentration camp prisoners, and the fights over the trash bins and sacks outside the restaurants and much more, I don't want to recall.

 

[ajoknoblauch]

For about 5 years I have been hearing that the economy is going to crash in Argentina. . . I think there are more wishes for it to crash than actual reasons. It would be great if people could think of positive solutions and alternative economies rather than wishing for things to get worse.
For an economy in the tank, it is very hard to get a spot in my favorite sushi place!

Even in early 2002, restaurants in Palermo were packed.

 

[John.St]

... Mass unemployment, rioting, violent crimes will return as in past crises.

Great career opportunity! I have always wanted to be a highwayman.

Da man at work!

 

[ajoknoblauch]

Here's an article form the NYtimes.

http://www.nytimes.c...123&tntemail0=y

It doesn't look good. Christina says she didn't have time to talk about everything, when questioned about the Inflation & Dollar omission from her speech.
She had more important issues to inform us like the K Postage stamp & La Campora dealings.

What did she say about Fútbol para Todos?