[QUOTE=Tres3;444576]More posturing for the Argentine LIVs.
[URL]http://fusionmoney.tumblr.com/post/116004302001/ambassador-argentina-has-offers-of-funding-is[/URL]
Tres3.[/QUOTE]Always in denial. Not that it helps much.....
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[QUOTE=Tres3;444576]More posturing for the Argentine LIVs.
[URL]http://fusionmoney.tumblr.com/post/116004302001/ambassador-argentina-has-offers-of-funding-is[/URL]
Tres3.[/QUOTE]Always in denial. Not that it helps much.....
The article is difficult to believe.
[URL]http://finance.yahoo.com/news/argentina-gloating-hedge-fund-enemies-142200609.html[/URL]
Tres3.
I will believe it when I see it.
[URL]http://finance.yahoo.com/news/putin-betting-argentinian-shale-boom-161251611.html[/URL]
Tres3.
Did any entity that is not owned directly or indirectly by the Argentine government buy any of the bonds?
[URL]http://www.bloomberg.com/news/articles/2015-04-30/elliott-s-newman-says-investors-too-optimistic-on-argentina-deal[/URL]
Tres3.
[QUOTE=Tres3;444843]Did any entity that is not owned directly or indirectly by the Argentine government buy any of the bonds?
[URL]http://www.bloomberg.com/news/articles/2015-04-30/elliott-s-newman-says-investors-too-optimistic-on-argentina-deal[/URL]
Tres3.[/QUOTE][URL]http://pangeanews.net/economia/bond-argentini-il-fondo-marathon-ha-comprato-piu-della-meta-dei-bonar24-10287/[/URL]
Will Argentina ever pay? Something tells me no!
[URL]http://finance.yahoo.com/news/paul-singers-billion-dollar-hedge-123152588.html[/URL]
Tres3.
Once again the Government cooks the books.
[URL]http://www.bloomberg.com/news/articles/2015-05-25/it-s-deja-vu-for-bond-traders-as-argentina-cpi-is-deemed-unreal?cmpid=yhoo[/URL]
Tres3.
They keep trying to borrow money to pay off other bond offers that are expiring. Its a never ending cycle that only gets worse every year. They are offering more then double the normal interest. They are digging a bigger and deeper hole that they will not be able to climb out of.....
[QUOTE=Gandolf50;445104]They keep trying to borrow money to pay off other bond offers that are expiring. Its a never ending cycle that only gets worse every year. They are offering more then double the normal interest. They are digging a bigger and deeper hole that they will not be able to climb out of.....[/QUOTE]
[QUOTE==]
It’s Deja Vu for Bond Traders as Argentina CPI Is Deemed Unreal
Once again the Government cooks the books.
http://www.bloomberg.com/news/articl...eal?cmpid=yhoo
Tres3. [/QUOTE]These two things are tightly related. Professional investors are not going to just accept what the govt puts out for statistics. They have an idea about what real CPI is and that, along with all the other perceived risks plus a fudge-factor for unforeseen risk all get put together into determining the return they must be promised in order to invest.
The bondholders appear to be tightening the screws.
[URL]http://www.bloomberg.com/news/articles/2015-05-29/argentina-me-too-bond-holdouts-seek-equal-treatment-ruling?cmpid=yhoo[/URL]
Tres3.
Apparently CFK and her cohorts do not care.
[URL]http://www.bloomberg.com/news/articles/2015-06-01/argentina-is-racking-up-debt-even-faster-than-during-its-2001-2002-crisis?cmpid=yhoo[/URL]
Tres3.
[QUOTE=Tres3;445203]Apparently CFK and her cohorts do not care.
[URL]http://www.bloomberg.com/news/articles/2015-06-01/argentina-is-racking-up-debt-even-faster-than-during-its-2001-2002-crisis?cmpid=yhoo[/URL]
Tres3.[/QUOTE]Why should she care? She does not have to pay it!!!
[QUOTE=Tres3;445203]Apparently CFK and her cohorts do not care.
[URL]http://www.bloomberg.com/news/articles/2015-06-01/argentina-is-racking-up-debt-even-faster-than-during-its-2001-2002-crisis?cmpid=yhoo[/URL]
Tres3.[/QUOTE]Since government produces nothing tangible it has only three ways to repay bonds:
1. Taxes.
2. Inflation.
3. Sell more bonds.
Given this, why buy government bonds?
Don B.
[QUOTE=DonB;445206]Since government produces nothing tangible it has only three ways to repay bonds:
1. Taxes.
2. Inflation.
3. Sell more bonds.
Given this, why buy government bonds?
Don B.[/QUOTE]All of this BS gets prices into the yield and the original issue discount. Additionally, the underwriters are getting fat fees and discounts, so it is important to put away (sell) the bonds in order to get all of the available compensation. I doubt too many purchasers buy these and hang onto them for too long.
Many buyers plan unload at the first decent uptick on price which, the govt will manufacture by doing something (policy) that will give the impression of more open markets and (more importantly) temporarily lower interest rates which, will increase the price of the bonds.
[QUOTE=WildWalleye;445211]All of this BS gets prices into the yield and the original issue discount. Additionally, the underwriters are getting fat fees and discounts, so it is important to put away (sell) the bonds in order to get all of the available compensation. I doubt too many purchasers buy these and hang onto them for too long.
Many buyers plan unload at the first decent uptick on price which, the govt will manufacture by doing something (policy) that will give the impression of more open markets and (more importantly) temporarily lower interest rates which, will increase the price of the bonds.[/QUOTE]I was looking at it from the moral point of view.
Don B.