Should Argentina Default On Its Debt?

[Joe]

Argentina should repeat the formula that lead to the Speedy Recovery from 2002-2006 . Default + Megadevaluation +Free Floating Currency market...!

Rich One gets an A+. And is to far is the only one to pass.

Frenchie started off well with advocating default but has gone off on some weird economic tangent just like his president Hollande - maybe it's a French thing...

 

[ajoknoblauch]

Anywyay, it's rather a political decision than a judicial one (and the Separation of powers?).

Same stuff with the 16 billions $ fine on BNP-Paribas (1st bank in the eurozone), while it was a 1 billion $ fine for the Libor, a very small fine for the 2008 crisis banksters.

The US goal is also to try to destroy the EU (Greek crisis with the voluntary "shavings", etc.)

Destroy the EU? Ask the Greeks what they think of Frau Merkel who, obviously, has their best interests at heart.

 

[ajoknoblauch]

Argentina should repeat the formula that lead to the Speedy Recovery from 2002-2006 . Default + Megadevaluation +Free Floating Currency market...!

The boom-bust cycle: Argentina's go-to economic strategy for two centuries now.

 

[EdRooney]

Hold on a second! I have not made any arguments yet; all I've done is asked you to show some kind of evidence to back up what you're saying.

I will put my cards on the table though: I think QE is an evil programme and those responsible for it should be brought up on criminal charges (Oh Rooney, you "neo-keynesian"!). Even so, I think you are making some logical leaps of faith that you haven't shown any reasonable grounds for thus far.

 

[Gringoboy]

Joe, you will be pleased to hear that I sat and failed Mathematics secondary exam six times, which sort of explains why I failed your test.
I can use a calculator though, even on my birthday, which is today and I share it with the anniversary of the battle of Waterloo in 1815.

 

[Joe]

Hold on a second! I have not made any arguments yet; all I've done is asked you to show some kind of evidence to back up what you're saying.

I will put my cards on the table though: I think QE is an evil programme and those responsible for it should be brought up on criminal charges (Oh Rooney, you "neo-keynesian"!). Even so, I think you are making some logical leaps of faith that you haven't shown any reasonable grounds for thus far.

Mr. Rooney that is the most intelligent thing you've said this week. You may take your seat.

 

[EdRooney]

Happy 29th Gringoboy... Only 15 more years till the big 4-0!

 

[Rich One]

Rich One gets an A+. And is to far is the only one to pass.

Frenchie started off well with advocating default but has gone off on some weird economic tangent just like his president Hollande - maybe it's a French thing...

Country Risk 922 , Arg stocks down in Wall Street . Italian bond holders claim that if Vultures get paid more they will demand equal conditions.

Who is the Culprit , the American Eagle?

 

[French jurist]

Argentina should repeat the formula that lead to the Speedy Recovery from 2002-2006 . Default + Megadevaluation +Free Floating Currency market...!

Yes, but you would need to change your nickname to "Very Rich One"

 

[Chet]

vulture

ˈvʌltʃə/

noun
noun: vulture; plural noun: vultures; noun: Old World vulture; plural noun: Old World vultures; noun: New World vulture; plural noun: New World vultures

1. 
   
   
   1.
   
   
   
   a large bird of prey with the head and neck more or less bare of feathers, feeding chiefly on carrion and reputed to gather with others in anticipation of the death of a sick or injured animal or person. ​
2. 
   
   
   2.
   
   
   
   a contemptible person who preys on or exploits others.
   "the press are vultures" ​

So lets see these 'vulture funds' what exactly did they do?

yes/no Argentina(or some part there of elected by the people) sold bonds which it guaranteed to pay back with X interest?
yes/no Argentina failed to hold its end of the bargain?
yes/no some bond holders accepted some sort of 'restructure' that changed the terms of the deal (making it work better for argentina I presume)
yes/no some bond holders didn't want the restructure and are either still holding or sold them for less to major funds
yes/no argentina wants to treat the restructured debt (they created) more favorably than the original debt

So people(funds) that loan to argentina when argentina asked for it have become 'vultures'?
I honestly don't get that.
Did anyone make argentina borrow money?
How would you feel if one of those bond holders was you?

Now all that said this sitting on the fence is really killing things, default and get it over with.