MercoPress. South Atlantic News Agency
Strong support message from S&Ps for Argentina's economic reforms
Standard & Poor's ratings agency says that Argentina’s new administration has presented a credible plan to deal with long-standing macroeconomic imbalances, eliminated foreign-exchange restrictions, and begun negotiations with its holdout creditors. The outlook on the local currency rating is stable, reflecting the new economic policies of the Administration, but also the potential difficulties in passing and implementing those plans. Read full article
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Disclaimer & comment rulesThis rating agencies from 5 Eyes have their interests dominated by US geopolitics and speculators of investment funds. Therefore, the analysis of which has no support in reality.
Feb 05th, 2016 - 10:28 am - Link - Report abuse 0The Third World must be guided by the rating agency BRICS.
http://noticias.uol.com.br/ultimas-noticias/reuters/2016/02/03/entrevista-banco-dos-brics-espera-grau-de-investimento-apesar-de-rebaixamento-de-brasil-e-russia.htm
@ 1 Stupid bugger!
Feb 05th, 2016 - 10:51 am - Link - Report abuse 0Back to the topic:
The reality is that Macri has put in place carefully thought out plans to bring the Kirchnerite idiots kicking and screaming into the 20th century.
Whilst the opposition continues to scheme for the downfall of Macri irrespective of the damage they could do to the country they will never be in the 21st century.
The 'people' need to get behind Macri and disown the remaining crap once and for all.
#1 do you really think that BRICS ( Brazil, Russia, India, China and South Africa )should be the standard for the financial world markets?
Feb 05th, 2016 - 11:34 am - Link - Report abuse 0Brazil is among the highest in graft and corruption, has no middle class to speak of, banks that no one has ever heard of and and a currency that is up and down more time than a mad woman's drawers.
Russia is run by a former KGB thug atheist, an economy that relies on 70% of it's hard currency ( that means dollars for those who live in third world counties ) from oil exports and is trying to piece the USSR back together through invasions.
India is run by a group of women haters with sheets for hats that encourage copy right infringements as a sport, has banks that no one has heard of and laws that discourage any foreign investment.
China is a communist country run by a bunch of corrupt power mongers trying to look like capitalists while holding on to power with iron fists and where free speech is punishable by lengthy prison terms.
South Africa is , well , who cares.
So you want South America to follow these models?
Man !!!
@3
Feb 05th, 2016 - 12:43 pm - Link - Report abuse 0I couldn't have said it any better myself.
The only thing I could add would be to emphasize how most of the world realizes that economic data coming from those countries is highly suspect at most... and corrupted / manipulated for their own political purposes. Gee, sounds like the previous Kirchnerite administration!
Maybe the world should look to Venezuela for highly credible, intelligent, fact-based, economic information. Sure...
Best wishes everyone.
S&P has previously discredited itself vis a vis its ratings performance for mortgage based bonds. Not a single respectable self managed fund gives them any credence. They serve only to give a perception of due diligence to the unsophisticated passive investor and to supply a reasonable level of plausible deniability to the overly aggressive or otherwise negligent advisor.
Feb 05th, 2016 - 03:15 pm - Link - Report abuse 0Perhaps S&P is no longer the gold standard of it's former self, but it's what we have. It's better than a self rating and it is still the ( copper ?) standard. They got too big and lost their way.
Feb 05th, 2016 - 03:41 pm - Link - Report abuse 0Es lo que hay amigo.
S&P does a pretty good job at giving good ratings to the good pupils liked by the dominant powers, but it lost all its credibility when painting in pink the reality as the real estate and other markets were running towards recession.
Feb 05th, 2016 - 04:25 pm - Link - Report abuse 0The whole bond thing is just a hustle predicated on full faith and future performance.
Feb 05th, 2016 - 05:04 pm - Link - Report abuse 0Just as Cretina repudiated them as lacking the approval and acquiescence of the masses there's no assurance that a future populist government - right or left - won't take a similar position.
In fact, past performance indicates that such an elective default is quite likely.
Rendering an endorsement of any level is consequently inappropriate.
Paper not to exceed twelve months' duration @ double digits is where the hard money is currently priced.
Rgentiny is still a criminal enterprise cast from the calabrian mold.
Crippled by low commodity prospects and an invasive drug trade being gradually displaced from its neighbors - rg's future is bleak.
@8 macris rabbi bergman, kiciloff, and timerman arent calabrians
Feb 05th, 2016 - 06:00 pm - Link - Report abuse 0BRICS will change the international order. The North indebted countries can no longer dictate orders to the Third World!
Feb 05th, 2016 - 07:39 pm - Link - Report abuse 0BRICS is the present and future of the human race!
https://www.youtube.com/watch?v=cUly1wuD4kg
So many articles are saying if oil stays at 30 ( it will be less than 30 soon) Russia will collapse next year.
Feb 05th, 2016 - 08:36 pm - Link - Report abuse 0Brazil is in deep depression not seen since the early 1900s.
India poops on the street, they're not going anywhere fast.
China, tick tock, tick tock. they say the Yuan is going down 40% rut ro...
Then you should be happy. You Will be the only empire in the world forever.
Feb 05th, 2016 - 09:32 pm - Link - Report abuse 0Before I die I have a last wish?
Show me the chemical weapons in Iraq.
https://www.youtube.com/watch?v=NLqwEFGpVyc&list=FLmXPTu1f8AdGlizWNiASx2A&index=64
Nah, you don't understand the beauty of being the world's only super power. We can invade, destroy any country we want at any time and nobody can say or do anything about it.
Feb 05th, 2016 - 09:44 pm - Link - Report abuse 0That's the point of Iraq.
Is true.
Feb 05th, 2016 - 09:47 pm - Link - Report abuse 0https://www.youtube.com/watch?v=2rALVgdoMHk&index=73&list=FLmXPTu1f8AdGlizWNiASx2A
Yankeeboy Just found you a reason to not celebrate.
Feb 05th, 2016 - 10:22 pm - Link - Report abuse 0Tic tok,tick tok. http://www.usdebtclock.org/
19 Trillion usd
Damm how big is that piles of cash?
So the S&P consideration for Argentine sovereign debt bonds has gone from “ junk in default” to “ junk in default” ?
Feb 05th, 2016 - 10:52 pm - Link - Report abuse 0@ 15 They don't really need to worry until they can't pay the interest on what they owe. And most of that US debt is owed to US residents and institutions. High debt-to-GDP ratio is seen in the world's most successful nations: UK, Canada, US, France, Germany, etc. Do we see the US inflation at 30 percent a year.....like some countries to the east of Chile?
15
@
15. I don't like it either. But and it's a big but very little of that debt is held by foreigners and guess what its all denominated in U$. Who prints the U$? Who has control of the U$? Debt denominated in our own currency is only as problematic as we want it to be.
Feb 05th, 2016 - 10:55 pm - Link - Report abuse 0I am all for a balanced budget. If we only held the current spending as-is until 2020 we'd be balanced. In 2121 we'd start paying it down.
The thing is tho, and something you must consider, there are lots of entities that are required to hold US Treasury notes, banks, insurance companies, condos, non-profits, US companies, Foreign Companies, Foreign Countries, IMF, IDB, WB...do you see where I am going with this?
As our GDP gets bigger we actually need the Treasury to issue notes so all of these entities have somewhere to stash their cash.
So there's a balance.
When Clinton was Prez and we had a Repub Congress that started paying off the debt Wall Street actually started freaking out.
I'd like less debt tho
But its totally manageable at this time.
As our GDP gets bigger we actually need the Treasury to issue notes so all of these entities have somewhere to stash their cash.
Feb 05th, 2016 - 11:37 pm - Link - Report abuse 0Let me know if they need a place. I have a spade and will gladly dig holes in my garden to stash u$d. ;)
18. In your country that's probably the best option you have. It is such a strange place when you come from somewhere with a working economy.
Feb 05th, 2016 - 11:47 pm - Link - Report abuse 0If you save in Pesos you can buy 30% less every year. In 3 years its worth 10% of what you had.
Scary.
Why bother saving at all.
https://www.youtube.com/watch?v=kGERUbJqXgQ&index=84&list=FLmXPTu1f8AdGlizWNiASx2A
Feb 06th, 2016 - 12:00 am - Link - Report abuse 0Caramba!
Muchacho!
Los Carrilles!
Los Cucarachas!
Los Mohycans!
Los Incas!
Los OTROS!
Brasshole stop smoking that shit you are buying from the local street dealer.
Feb 06th, 2016 - 12:27 am - Link - Report abuse 0Your paying too much with your over valued Real's.
Calm down you fucken egg head!
21. Do you understand what its saying?
Feb 06th, 2016 - 12:34 am - Link - Report abuse 0I am beer now
Feb 06th, 2016 - 12:49 am - Link - Report abuse 0You are not beer now, brasshole. You are only warm piss that looks like beer now.
Feb 06th, 2016 - 03:05 am - Link - Report abuse 0@3
Feb 06th, 2016 - 07:15 am - Link - Report abuse 0Sounds like they all edge out the UK a bit a shave...
Ratings agencies are a fraud of the first order.
Feb 06th, 2016 - 12:55 pm - Link - Report abuse 0For a slightly more realistic assessment of risk price a cds pegged to a bonar.
26. The rating agencies are too incestuous. Do they even serve a purpose any longer?
Feb 06th, 2016 - 01:45 pm - Link - Report abuse 0Any rating agency that considers Argentine obligations other than RJPO-HFD (Risky Junk of the Poorest Order-Headed For Default) should be ashamed.
Feb 06th, 2016 - 03:31 pm - Link - Report abuse 0Wait so now all of you agree with me?
Feb 07th, 2016 - 02:25 am - Link - Report abuse 0Well I am glad you all came around to the reality that American and British banking and finance is the most corrupt enterprise on Earth. LIBOR for f--s sakes.
That's why all those BRIC countries, in spite of what number 3 said, still edge out the UK. Let me tell you the UK is the laughing stock of the world right now when it comes to banking standards.
29. Its not.
Feb 07th, 2016 - 12:30 pm - Link - Report abuse 0Dont be silly
@29 “Let me tell you the UK is the laughing stock of the world right now when it comes to banking standards.”
Feb 07th, 2016 - 03:46 pm - Link - Report abuse 0ha ha. Silly man. A truly mendacious argento. But I repeat myself. When Argentina wore out its welcome trying to sell debt under US law, it went to the UK !
Not sure of your (KepiTroll) reading comprehension skills but for others here is a bit of relevant news about world financial centres and London's role at the top:
“London is the most competitive financial centre in the world, overtaking New York and utterly dominating the rankings....”
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11884783/Rule-Britannia-London-overtakes-New-York-as-the-worlds-best-financial-centre.html
Boludos Aires doesn't even make the list.
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