MercoPress. South Atlantic News Agency
Argentine bonds post big gains and stocks hit new record
Argentine bonds posted big gains and stocks hit a new record high Thursday as markets anticipated a more business-friendly environment following the death of former president Nestor Kirchner. Read full article
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Disclaimer & comment rulesThe King is dead, long live the ............ ?
Oct 29th, 2010 - 04:20 am - Link - Report abuse 0“investors also snapped up Argentina's sovereign debt....”
Oct 29th, 2010 - 06:25 am - Link - Report abuse 0Hmmm, interesting, looks like they are betting for a repeat but with different players and similar schemes to get the money back. Investors are betting that Cristina will lose the elections and the the new guy ( neo-liberals like Daniel Scioli, duhalde or macri) will pose austerity measures on the argentine people (no more free schools, free health care, free this and that, but don't worry, everything will be fine) to pay off their friends in and outside the country, and just push the bill on the Argentine people. Sounds familiar? Looks like a party (Bread and Circuses) has just begun in Argentina..again.
03:30 In Buenos Aires......
Oct 29th, 2010 - 06:27 am - Link - Report abuse 0More than 100.00 persons have already said good-bye to their former president......
Long live the President
Long live the People
F*** the Market
http://www.infobae.com/adjunto/nestorkirchner/C5N_NK.html
It always puzzles me when people believe they can both stand on the moral high ground and also refuse to pay back their debts.
Oct 29th, 2010 - 09:12 am - Link - Report abuse 0http://mrzine.monthlyreview.org/2010/weisbrot271010.html
Oct 29th, 2010 - 09:41 am - Link - Report abuse 0@Idlehands
Oct 29th, 2010 - 09:51 am - Link - Report abuse 0Yours gotta be the stupidest and tackiest comment on the issue I've seen. I hope the text I posted above can enlighten you as to why putting one's country's interests above those of the international creditors, was the most sensible, and perhaps the most moral, decision to be made by the the Argentine gov.
Moral? no. Expedient more like, borrowing money and not paying it back is a pretty good tactic if you can get away with it but it sure as hell ain't morality.
Oct 29th, 2010 - 10:06 am - Link - Report abuse 0I wonder what will happen the next time the begging bowl comes out then?
Oct 29th, 2010 - 10:56 am - Link - Report abuse 0Who leands to those with a history of refusing to repay?
So is it moral to take away a pensioner's savings? Most of the Argentinian bonds were held by small Italian, Spanish, Japanese pensioners. After many years of not paying any interest they gave them another bond worth 33% of what they originally gave Argentina. How is this moral? Someone wins someone loses, that is capitalism but it is surely the rihgt thing to do or did you FORGET the other side of the transaction?
Oct 29th, 2010 - 12:31 pm - Link - Report abuse 0Do not forget that “monthly review” is dedicated to solialism.
Oct 29th, 2010 - 04:33 pm - Link - Report abuse 0Commenting for this story is now closed.
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