MercoPress. South Atlantic News Agency
The “Amazon fires of uncertainty” in Argentina: can they get worse?
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
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Disclaimer & comment rulesLevels 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 +1TWIMC...
Sep 01st, 2019 - 09:25 am - Link - Report abuse -4I 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...
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 +2Sarasa.................................
Sep 01st, 2019 - 08:54 pm - Link - Report abuse -4Lo and behold!
Sep 01st, 2019 - 09:13 pm - Link - Report abuse +2We 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.
Más sarasa.......
Sep 01st, 2019 - 09:56 pm - Link - Report abuse -4“Investors in Argentina fear a return of the left to power...”
Sep 02nd, 2019 - 06:58 am - Link - Report abuse -1Come 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 - 07:14 am - Link - Report abuse -2Think. 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 -1golfcronie:
Sep 02nd, 2019 - 04:00 pm - Link - Report abuse -1You'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.
@Think / @golfcronie / @Enrique Massot
Sep 03rd, 2019 - 02:02 pm - Link - Report abuse 0If 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!
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 0imoyaro
Sep 08th, 2019 - 12:07 am - Link - Report abuse 0You 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.
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