Deleted
Deleted Member
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Post by Deleted on Feb 18, 2022 4:51:48 GMT
Just read on Bloomberg - "Argentina Set to Raise Key Rate to 42.5% Thursday, Official Says....IMF staff have called for interest rates in Argentina to exceed annual inflation running at 51%"
How is that even possible?
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Post by fishingrod on Feb 19, 2022 9:59:46 GMT
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Post by Capital on Feb 19, 2022 13:55:38 GMT
Argentina has the distinction of having defaulted on their sovereign debt 9 times since it became independent in 1816. That might be a factor. I have always thought that Argentina should be required to publish the expected default date in their new sovereign debt filings.
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Post by fishingrod on Feb 19, 2022 14:23:30 GMT
The 50.41% yield on the 10 Year Argentina sovereign bond kind of gives light of it's risks inherent.
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Post by roi2020 on Feb 20, 2022 1:32:29 GMT
Argentina has the distinction of having defaulted on their sovereign debt 9 times since it became independent in 1816. That might be a factor. I have always thought that Argentina should be required to publish the expected default date in their new sovereign debt filings. To Capital's point, why would any prudent investor lend money to Argentina considering it abysmal default history?
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Post by Chahta on Feb 20, 2022 2:12:23 GMT
Well if you can get 3 years interest out if them you are good.
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Post by Capital on Feb 20, 2022 9:37:14 GMT
Well if you can get 3 years interest out if them you are good. I see the market saying you probably will not see 3 years of interest payments. Argentina has tried very hard not to surprise the market in the past - LOL.
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galeno
Commander
KISS & STC
Posts: 221
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Post by galeno on Feb 20, 2022 11:13:30 GMT
So sad. IMHO Argentina has the most potential of all the countries in the Americas.
They are just a dumber version of the old Spanish empire that Simón Bolívar took down in the early 19th century.
Argentina is like a beatiful young woman who decides to go on a crack and Twinkee diet.
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Post by uncleharley on Feb 20, 2022 14:16:04 GMT
Argentina has the distinction of having defaulted on their sovereign debt 9 times since it became independent in 1816. That might be a factor. I have always thought that Argentina should be required to publish the expected default date in their new sovereign debt filings. To Capital's point, why would any prudent investor lend money to Argentina considering it abysmal default history? Delusional Greed.
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Post by oldskeet on Feb 20, 2022 14:47:57 GMT
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Post by anitya on Feb 20, 2022 20:12:07 GMT
Tells me more about the countries / people that lend money to Argentina than Argentina itself. Look at the countries that have a lower per capita nominal GDP than Argentina and ask how many of those countries would have been able to tap American capital markets if they defaulted as many times as Argentina. www.worldometers.info/gdp/gdp-per-capita/Sadly, as mutual fund owners, many of us do not have control over the mutual funds that allocate to Argentine debt, even if it is only in decimals. Among many, PIMCO does.
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Post by anitya on Feb 21, 2022 23:38:35 GMT
What are the yields like on Russian bonds, say their energy companies?
The Ukrainian situation moving to a logical conclusion. Russia legislatively recognized the independence of the two Ukrainian breakaway regions, which are ethnic Russian dominated. He will then move in at the request of the leaders of those two breakaways as a peacekeeping / defensive force under a dense pact, until there is a referendum to join Russia. Easy, no war with Ukrainian is necessary.
Putin just rinses and repeats.
If the West interferes, we can expect bunch of cyber attacks and counterattacks, the brunt of which is likely to be borne by the US. As usual, Europe will bear the minimum cost.
All of the above can be done without firing any guns / missiles.
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Post by Fearchar on Feb 22, 2022 0:59:59 GMT
It should be resolved peacefully as long as the Western Ukrainians don't launch an attack. It's been 8 years of civil war; much too long. Hopefully, this will be the end of the conflict. Everybody loses during a war (with the exception of arms manufacturers).
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