The below link is to a CNN News story regarding CFK.
[URL]http://www.cnn.com/2015/02/26/americas/argentina-prosecutor-nisman-case-dismissed/[/URL]
Tres3.
Printable View
The below link is to a CNN News story regarding CFK.
[URL]http://www.cnn.com/2015/02/26/americas/argentina-prosecutor-nisman-case-dismissed/[/URL]
Tres3.
Below is a link regarding CFK's long speech. More of her rantings and political posturing.
[URL]http://www.theguardian.com/world/2015/mar/01/argentina-president-fernandez-de-kirchner-alberto-nisman-israel-iran[/URL]
Tres3.
Below is a link to an Op-Ed article that appeared in today's Miami Herald.
[URL]http://www.miamiherald.com/opinion/op-ed/article15514169.html[/URL]
Tres3.
What's Argentina's debt to gdp ratio? :).
[QUOTE=BadMan;444395]What's Argentina's debt to gdp ratio? :).[/QUOTE]Argentina's true nominal GDP is at least 40% less than reported statistics due to a completely fictitious FX rate. Also keep in mind that the BCRA is essentially insolvent by it's own auditing standards. Accurate accounting would not make Argentina's debt to gdp ratio look so rosy.
The same could be said about every country in the world. Now answer the question.....
[QUOTE=ElAlamoPalermo;444397]Argentina's true nominal GDP is at least 40% less than reported statistics due to a completely fictitious FX rate. Also keep in mind that the BCRA is essentially insolvent by it's own auditing standards. Accurate accounting would not make Argentina's debt to gdp ratio look so rosy.[/QUOTE]
Its funny how we like to point fingers when we all know Europe adds hookers and blow sales to their GDP. Yes. They are that desperate to continue to appear first world. Hookers and blow sales to the national gdp. I wonder what Argentina's gdp would be if they did the same?
What's the Federal reserve balance sheet look like? Lol...I hope someone posts and infograph. Keep these shenanigans up and ill do it for you. How about the ecb's balance sheet. Lol.... Just keep quantitatively easing the fuck out of our currencies to keep up appearances. Same game different name....
[QUOTE=BadMan;444401]What's the Federal reserve balance sheet look like? Lol...I hope someone posts and infograph. Keep these shenanigans up and ill do it for you. How about the ecb's balance sheet. Lol.... Just keep quantitatively easing the fuck out of our currencies to keep up appearances. Same game different name....[/QUOTE]I'm not clear about your reading comprehension level, however, nowhere in my comments did I make any statements about the relative strength or lack thereof of either the FR or ECB's balance sheets or monetary policy. But since you brought it up, can you really not tell the difference between the relevance of the debt to GDP ratio of the USA vs. That of Argentina? Debt to GDP ratio is accepted by some as a metric of ability to service public debt; the entirety of the USA's public debt is denominated in a currency that they print at will; Argentina's public debt is all denominated in foreign currencies that they have no control of. Both the USA's and Argentina's true "on the balance sheet" public debt is probably at least 100% of GDP with the difference being that Argentina is in a far more critical situation regarding debt service than the USA is.
[QUOTE=ElAlamoPalermo;444402]I'm not clear about your reading comprehension level, however, nowhere in my comments did I make any statements about the relative strength or lack thereof of either the FR or ECB's balance sheets or monetary policy. But since you brought it up, can you really not tell the difference between the relevance of the debt to GDP ratio of the USA vs. That of Argentina? Debt to GDP ratio is accepted by some as a metric of ability to service public debt; the entirety of the USA's public debt is denominated in a currency that they print at will; Argentina's public debt is all denominated in foreign currencies that they have no control of. Both the USA's and Argentina's true "on the balance sheet" public debt is probably at least 100% of GDP with the difference being that Argentina is in a far more critical situation regarding debt service than the USA is.[/QUOTE]What is most telling here is you still refuse to answer my initial question. So the reading comprehension dig can easily be turned both ways.
What is the official stated dept to gdp ratio of Argentina?..... Ill wait for an unbiased honest answer.
As far as the USA or EU s ability to fund its debt liabilities. Its all based on its ability to print money out of thin air. If you don't understand this after three rounds of QE, you really should stick to running or patronizing bars.
Btw. How many degrees in economics do you have " el Alamo bar Palermo "? Lol
[QUOTE=BadMan;444404]What is most telling here is you still refuse to answer my initial question. So the reading comprehension dig can easily be turned both ways.
What is the official stated dept to gdp ratio of Argentina?..... Ill wait for an unbiased honest answer.[/QUOTE]The claimed nominal debt to GDP ratio is about 62% the last time I saw statistics; however this ratio is a complete farce as it is based on the assumption that the official FX rate is a legitimate means of valuing the goods and service produced domestically. No serious person inside or outside of Argentina accepts the claimed debt to GDP ratio as accurate; Argentina's peers, Brasil and Uruguay both have claimed and accepted (on the balance sheet) debt to GDP ratios in the mid-60s; not coincidentally both Brasil and Uruguay pay 4.25% and 4.5% coupons respectively on their 10 year USD denominated benchmark bonds (Brasil's yield about 5% currently as they are a mess and the bonds sell under par; Uruguay's sell at 106 cents on the dollar and yield less than 4%); Argentina pays 8.75% on their 10 year USD bonds and they sell at less than par. Argentina pays interest rates pertaining to a country on the brink of insolvency with an unsustainable TRUE debt to GDP ratio because they are in reality a country on an unsustainable trajectory in terms of ability to service their public debt.
[QUOTE=BadMan;444405]As far as the USA or EU s ability to fund its debt liabilities. Its all based on its ability to print money out of thin air. If you don't understand this after three rounds of QE, you really should stick to running or patronizing bars.
Btw. How many degrees in economics do you have " el Alamo bar Palermo "? Lol[/QUOTE]Again this is not a discussion about the relative merits of the USA or EU's ability or lack thereof to service their debt liabilities. That being said it is an undisputed fact that the entirety of the USA's public debt is denominated in a currency they can print at will; if market participants are dumb enough to keep investing in the debt securities and currency of a government with $17,000,000,000,000+ of outstanding debt then shame on them. The EU is an entirely different story altogether.
There is no need to make this personal. You really want to compare CV's, investment track records, and quality of life, you know where to find me.
So you're saying 60% debt to gdp ratio. What is the US or Europes average debt to gdp ratio?
Not withstanding the fact that they both also cook their books. What is it? Unless you'd prefer to go on some conspiracy theory tangent.
[QUOTE=ElAlamoPalermo;444407]The claimed nominal debt to GDP ratio is about 62% the last time I saw statistics; however this ratio is a complete farce as it is based on the assumption that the official FX rate is a legitimate means of valuing the goods and service produced domestically. No serious person inside or outside of Argentina accepts the claimed debt to GDP ratio as accurate; Argentina's peers, Brasil and Uruguay both have claimed and accepted (on the balance sheet) debt to GDP ratios in the mid-60s; not coincidentally both Brasil and Uruguay pay 4.25% and 4.5% coupons respectively on their 10 year USD denominated benchmark bonds (Brasil's yield about 5% currently as they are a mess and the bonds sell under par; Uruguay's sell at 106 cents on the dollar and yield less than 4%); Argentina pays 8.75% on their 10 year USD bonds and they sell at less than par. Argentina pays interest rates pertaining to a country on the brink of insolvency with an unsustainable TRUE debt to GDP ratio because they are in reality a country on an unsustainable trajectory in terms of ability to service their public debt.[/QUOTE]
[QUOTE=BadMan;444409]So you're saying 60% debt to gdp ratio. What is the US or Europes average debt to gdp ratio?
Not withstanding the fact that they both also cook their books. What is it? Unless you'd prefer to go on some conspiracy theory tangent.[/QUOTE]I made my case and do not need to add anything further to defend it. If you are so confident in the accuracy of Argentina's debt to GDP ratio then put your money where your mouth is and buy those Argentine sovereign USD 10 year notes paying the 8.75% coupon. If Argentina's debt to GDP ratio is truly as you claim it is, those bonds are EXTREMELY undervalued!