MercoPress, en Español

Montevideo, October 3rd 2022 - 14:06 UTC

 

 

The “Amazon fires of uncertainty” in Argentina: can they get worse?

Saturday, August 31st 2019 - 17:54 UTC
Full article 13 comments

Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds. Risk spreads blew out to levels not seen since 2005 while the local peso currency extended its year-to-date slide to 36%, forcing renewed central bank market intervention and intensifying worries about Argentina’s ability to honor its dollar-denominated debt. Read full article

Comments

Disclaimer & comment rules
  • golfcronie

    Levels not seen since 2005, now let us remind ourselves who was President then? Yes correct dear old Cristina.Nuff said eh ? EM

    Sep 01st, 2019 - 08:39 am - Link - Report abuse +1
  • Think

    TWIMC...

    I don't believe for a second that Anglo turnips like the above can read Spanish..., or understand graphs...

    But maybe there is out there a disoriented Anglo that could use some correct info..., so...:

    Firstly..., in 2005..., the president of Argentina was NOT Mme. Cristina Fernandez de Kirchner...

    Secondly..., in 2003..., her husband..., Sr. Nestor Kirchner..., overtook a spread of 7.222...

    Thirdly..., in 2006..., he had reduced it to 503..., as any human being can read on the graph linked below...
    https://www.lavoz.com.ar/politica/ranking-del-riesgo-pais-en-argentina-de-duhalde-macri

    Good luck with ya BREXIT..., Anglos...
    You'll need it...

    Sep 01st, 2019 - 09:25 am - Link - Report abuse -4
  • Tarquin Fin

    Credit rating is just one variable. You must bring a few other things into the picture to really appreciate what's going on, i.e.: commodity prices, debt service, deficit, etc

    Sep 01st, 2019 - 05:28 pm - Link - Report abuse +2
  • Think

    Sarasa.................................

    Sep 01st, 2019 - 08:54 pm - Link - Report abuse -4
  • Tarquin Fin

    Lo and behold!

    We feel the thrill of yet another thoroughly researched analysis. In awe I then submit my rotten pretense to thee.

    Thy holy nick says it all.

    Sep 01st, 2019 - 09:13 pm - Link - Report abuse +2
  • Think

    Más sarasa.......

    Sep 01st, 2019 - 09:56 pm - Link - Report abuse -4
  • Enrique Massot

    “Investors in Argentina fear a return of the left to power...”

    Come on. Stop waving the “left” boogieman. There is no such thing as “investors” in Argentina nowadays. Only speculators making a kill thanks to sky-high interest rates and Macri's dismantling of capital flow regulations that allow for unlimited capital flight.

    Think

    Good unmasking of ill-informed golfcronie, who has once more equated his bile with his ignorance.

    Sep 02nd, 2019 - 06:58 am - Link - Report abuse -1
  • Think

    ;-)

    Sep 02nd, 2019 - 07:14 am - Link - Report abuse -2
  • golfcronie

    Think. Who gives a shit whether it was Nestor or Cristina, it was probably her influence anyway.

    Sep 02nd, 2019 - 12:06 pm - Link - Report abuse -1
  • Enrique Massot

    golfcronie:

    You've been debunked. Your posts are just bile, hateful and without any substance. I suggest you go get some education first, and then come back and offer some real arguments.

    Sep 02nd, 2019 - 04:00 pm - Link - Report abuse -1
  • :o))

    @Think / @golfcronie / @Enrique Massot

    If anyone can increase the standard of living [quality of lives]; it's perfectly OK even if that “anyone” happens to be a monkey! If not, that “anyone” deserves to be crucified - unless if you have better ideas than the crucifixion!

    Sep 03rd, 2019 - 02:02 pm - Link - Report abuse 0
  • imoyaro

    The only sarasas in here are the “Torturer's Tango Duo” swishing around the room cheek to cheek to cheesy bandoneón music...

    Sep 06th, 2019 - 09:13 pm - Link - Report abuse 0
  • Enrique Massot

    imoyaro

    You are, like one of those fossils of bygone eras, stuck in a Cold War distorted glass through which you see the world.

    Too lazy to try and understand the new world realities, you don't care what the heck is going on -- you just keep repeating the same old, tired anti-left cliches in hopes of making some sense.

    Oh, and there is no such thing as “cheesy” bandoneón music. Perhaps accordeon, which is easier to play.

    Sep 08th, 2019 - 12:07 am - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!