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Old 07-30-2014, 05:54 AM   #1
RummyBoy
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Argentina Is About To Default

http://www.bbc.com/news/business-28558121

So if it does, the Argentine Peso should fall a lot and things, apartments, food, holidays, travel, hotels, pussy, etc all should be cheaper there.

Is Argentina a fun place to hang out?
Is it worth planning a holiday there?
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Old 07-30-2014, 06:23 AM   #2
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They value their real estate in dollars.
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Old 07-30-2014, 06:51 AM   #3
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It's crazy such a big country is facing yet another fukn default. Unbelievable.
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Old 07-30-2014, 07:11 AM   #4
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Originally Posted by slapass View Post
They value their real estate in dollars.
Really? Oh well....... what about food, holidays, travel, hotels & pussy?
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Old 07-30-2014, 07:13 AM   #5
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Really? Oh well....... what about food, holidays, travel, hotels & pussy?
Are you fucking stupid? Everything is tied to US dollar.

They will just raise the prices.
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Old 07-30-2014, 07:15 AM   #6
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Here we go again ...
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Old 07-30-2014, 07:50 AM   #7
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It's not a default...

http://www.bbc.co.uk/news/business-28541071

Lol.....
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Old 07-30-2014, 08:01 AM   #8
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Are you fucking stupid? Everything is tied to US dollar.
Only loosely....... and not enough to avoid having some inefficiencies and arbitrage opportunity.

Well there's a huge buzz among mainstream investors/analysts about buying into Argentine assets around a default. You could get a sell off across the region and lots of opportunity there.

http://www.bloomberg.com/video/argen...6hvSYp4iQ.html

Last edited by RummyBoy; 07-30-2014 at 08:03 AM..
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Old 07-30-2014, 08:09 AM   #9
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so.. after this all goes down, will they sell bonds again?
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Old 07-30-2014, 08:16 AM   #10
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Loved that country when I visited in early 90's
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Old 07-30-2014, 08:22 AM   #11
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"vulture capital" is about right...
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Old 07-30-2014, 08:43 AM   #12
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Wouldn't be the first time if I remember correctly.
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Old 07-31-2014, 09:54 AM   #13
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Defaulted.

Time to see what is good to pick up there.
Maybe time for a nice cheap condo in Argentina.
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Old 07-31-2014, 11:37 AM   #14
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Defaulted.

Time to see what is good to pick up there.
Maybe time for a nice cheap condo in Argentina.
not cheap , read answer #2

and get ready to get robbed
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Old 07-31-2014, 11:44 AM   #15
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'But this time around the default was different, prompted much less by irresponsible economic policy in Buenos Aires than by irresponsible legal policy in Manhattan. An American hedge fund got greedy, advanced a legal theory that was rejected by the US government and most major banks, won its lawsuit anyway, and in the end didn't get paid but did force Argentina into default.'

http://www.vox.com/2014/7/31/5954705...lt-paul-singer

interesting
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Old 07-31-2014, 11:47 AM   #16
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Old 07-31-2014, 01:09 PM   #17
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Investors are blaming Argentina mostly for today's huge selloff. -317 DOW..

oh yea, and their president called us 'Vultures'..

Last edited by john1975; 07-31-2014 at 01:11 PM..
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Old 07-31-2014, 01:10 PM   #18
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Investors are blaming Argentina mostly for today's huge selloff. -317 DOW..
http://finance.yahoo.com/news/argent...151326549.html

Of course..... the Merval is tanking.

MERVAL?!?
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Old 07-31-2014, 01:15 PM   #19
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...
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Old 07-31-2014, 01:38 PM   #20
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Argentina Defaulted, Ukraine is next
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Old 07-31-2014, 04:09 PM   #21
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cultural marxism & a populist government can do WONDERS....
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Old 07-31-2014, 05:48 PM   #22
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cultural marxism & a populist government can do WONDERS....
Laclau is Dead...
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Old 07-31-2014, 09:17 PM   #23
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Laclau is Dead...
thats right, thats why ideology is so important in societies,
marxism divides and polarize the society and then,
the populist once in power, do the rest.... well, those in power
get inmensely rich in the process...
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