The Argentine central bank will affect 4.165 billion dollars from the bank’s freely available reserves to honour government debt maturing in the third quarter, it was officially announced. Read full article
#1: Bonds 2012 are paid from the treasury, and the government gives the Argentine treasury notes such debt. Bonds 2012 by 70% belong to foreigners, but the new debt will be the state with the same state. To me, it seems perfect.
Los bonos 2001/2002 se pagan con dinero del tesoro, y el gobierno le entrega al tesoro argentino esas notas de deuda. Los bonos 2001/2002 pertenecen en un 70% a extrangeros, pero la nueva deuda será del estado con el mismo estado. Me parece perfecto.
because it means the end of the 2001/2002 default commitments..um except for the holdouts, Defaulted Paris Club debt and ICSID judgments...shh maybe no one will mention that!
AND teh kicker...Arg Treasury is paying 12-13 pts BELOW what the Int'l mkt charges Argentina if they could issue a U$ denominated bond...that's a great rate! Seems like Rgs need some crisco and they don't even know it!
losers
#5 You are always giving the impression, and yankeeboy and others unambiguously say, that the end is coming just round the corner. If you're now saying ten years I take that as a concession to the reality of Cristina's success =)
Think what you like as you have missed the point of the topic AND of my post.
In my judgement, I am still convinced that the real catastrophe of a complete abandonment of control of the Pesos and most likely a full default will happen next year, before the year end.
This is the first time I have stated this, limiting my previous statements to inflation, which I must say was bang on the button.
If I am correct I suspect your 'queen' will be gone simultaneously with the total collapse of the economy, again.
Comments
Disclaimer & comment rulesSort of like check kiting paying one debt with one account and then using another account to pay that one...
Jul 07th, 2012 - 01:31 am - Link - Report abuse 0Great hint for investors: sell short Argentine bonds...
#1: Bonds 2012 are paid from the treasury, and the government gives the Argentine treasury notes such debt. Bonds 2012 by 70% belong to foreigners, but the new debt will be the state with the same state. To me, it seems perfect.
Jul 07th, 2012 - 02:34 am - Link - Report abuse 0Los bonos 2001/2002 se pagan con dinero del tesoro, y el gobierno le entrega al tesoro argentino esas notas de deuda. Los bonos 2001/2002 pertenecen en un 70% a extrangeros, pero la nueva deuda será del estado con el mismo estado. Me parece perfecto.
because it means the end of the 2001/2002 default commitments..um except for the holdouts, Defaulted Paris Club debt and ICSID judgments...shh maybe no one will mention that!
Jul 07th, 2012 - 03:35 am - Link - Report abuse 0AND teh kicker...Arg Treasury is paying 12-13 pts BELOW what the Int'l mkt charges Argentina if they could issue a U$ denominated bond...that's a great rate! Seems like Rgs need some crisco and they don't even know it!
losers
we think,
Jul 07th, 2012 - 09:48 pm - Link - Report abuse 0that argentina should gather up all of the money sha can lay her hands on,
we are looking at arround
500billion,
is this possable,
Chairs on the Titanic jumps to mind.
Jul 09th, 2012 - 09:53 pm - Link - Report abuse 0The Titanic will now sink in 10 years time, or sooner if things worsen.
Anybody take a bet that it won't worsen? No, I didn't think so.
#5 You are always giving the impression, and yankeeboy and others unambiguously say, that the end is coming just round the corner. If you're now saying ten years I take that as a concession to the reality of Cristina's success =)
Jul 10th, 2012 - 03:35 pm - Link - Report abuse 06 Blind_Scottie_Kirchnerist
Jul 10th, 2012 - 09:17 pm - Link - Report abuse 0Think what you like as you have missed the point of the topic AND of my post.
In my judgement, I am still convinced that the real catastrophe of a complete abandonment of control of the Pesos and most likely a full default will happen next year, before the year end.
This is the first time I have stated this, limiting my previous statements to inflation, which I must say was bang on the button.
If I am correct I suspect your 'queen' will be gone simultaneously with the total collapse of the economy, again.
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