The economic future of Argentina

[QUOTE=Exon123]"I can't define a CockSucker, But I know One when I see One"[/QUOTE]Don't be so modest, Exon123, you know one when you are one.

Jackson-

Why do you put up with this sort of garbage from Exon in your forum? I like Exon personally, he is a nice guy in person and quite entertaining but all he does on your forum is post worthless opinions and criticize others as he sees fit, which discourages people who have actual information to contribute from contributing. You really should either limit him to his own thread or delete any post he makes that does not directly elaborate actual information / direct experiences about chicas and / or travel experiences (restaurants, apartments, transportation, etc. The most irritating thing is that Exon actually comes to Buenos Aires regularly and has these travel experiences and chica encounters yet he withholds reporting on it because of his open contempt for the members of this forum. Putting up with his bullshit is seriously stunting the growth of your forum!

Suerte,

Rock Harders

To add to Rockharders, I am not often surprised by the personal attacks on the forum, and have engaged in more than my share. But, I am frankly surprised with the ferociousness of the attacks on Monger#2041. I'm not interested in taking sides in the "debate", but all the guy did was offer his opinion on the Argentine economy. In addition, unlike alot of absolutely worthless posters such as Redondo, he had a number of informative posts about other topics. He never struck me as someone who was purposefully antagonizing others or spamming. Once he was attacked he didn't roll over which apparently infuriated his attackers who then stepped up the vitriol. It looks to me like the inflation issue and cost of living issue has really got under alot of mongers increasingly very thin skin. Hey, THAT'S LIFE! Take the good with the bad and quit fucking whining about it. If you don't like Argentina no more, move on. Otherwise pop a few Xanax's and leave off boring the fuck out everybody with bitching about how much it costs to fuck a whoare and hail a cab.

[QUOTE=Exon123]As I predicted below Argento, he'll be right back on top of me rationalizing his demented thinking, always having to be right, never wrong. As for CockSuckers, I'll quote "Justice Potter" slightly out of context.

"I can't define a CockSucker, But I know One when I see One"

Exon.

P. S. Now he'll be right back on top of me with more words of wisdom[/QUOTE]Told you so, he always hast to have the last word.

Exon

[QUOTE=Rock Harders]You really should either limit him to his own thread or delete any post he makes that does not directly elaborate actual information / direct experiences about chicas and / or travel experiences (restaurants, apartments, transportation, etc)[/QUOTE][blue]If I did that, he'd never post anything.

Interesting thought.[/blue]

From some members of the forum I recieved infos about what they are doing for life, so Argento and Exon, Redondo, and some others.

I think that those each in his buiz is doing the best to satisfy their clients and that means a modest way of comunicating. I remember well when I showed up in this forum, offering a lady 4k$ for staying with me 3 weeks. Exon and Jakson were one of those who gave me some friendly advice - without puting a burning cross in my yard;-)

What I do not understand is that adult guys (some even knowing each other well) are getting that furiouse in this board of others posts, anounced her in the forum. I mean, the main thing here is how to get a clean chicka, the results of that meeting, maybe even the price (I prefere the value what you got for that " gift ") and thats it.

And if someone is fine in buying a grape ranch in Medoza, fine! Who knows, maybe he is the only guy who secretely destilate biofuel out of his grapes and makes a huge bundle of cash, who knows? Who cares?

Looking forward to see you, and have a couple of beer together.

You are invited! Yours, C.

Argentina Heading For Default.

[url]http://www.businessweek.com/ap/2012-11-27/fitch-says-argentina-downgrade-is-probable[/url]

The Business Day- The credit rating agency Fitch Ratings on Tuesday downgraded Argentina, which is locked in a court battle in New York over its debt, and said the country would probably default.

Fitch cut its long-term rating for Argentina to CC from B, a downgrade of five notches, and cut its short-term rating to C from B. A rating of C is one step above default.

US judge Thomas Griesa of Manhattan federal court last week ordered Argentina to set aside US$1. 3 billion ($1. 6 billion) for certain investors in its bonds by December 15, even as Argentina pursues appeals.

Those investors don't want to go along with a debt restructuring that followed an Argentine default in 2002. If Argentina is forced to pay in full, other holders of debt totaling more than US$11b are expected to demand immediate payment as well.

Argentinian politicians, even those opposed to President Cristina Fernandez, have nearly unanimously criticized the judge's ruling as threatening the success of the debt relief that enabled Argentina to grow again.

Ratings by agencies like Fitch are used by investors to evaluate the safety of a country's debt. Lower ratings can make it more expensive for countries to borrow money on the bond market, exacerbating their financial problems.

Argentina is in a deepening recession and is grappling with social unrest. Besides the court case, Fitch cited a "tense and polarized political climate" and public dissatisfaction with high inflation, weak infrastructure and currency.

Fitch also said that Argentina's economy has slowed sharply this year.

Of the two other major rating agencies, Standard & Poor's has a rating of B- for Argentina, five steps above default, and Moody's rates it B3 negative, also five steps above default.

Bond rating agencies get paid by those whom they rate so it is a bit of a scam to say the least. So if Fitch says they are "five steps from default" that probably translates as "one foot in the grave." I am five steps from my refrigerator so I am five steps from a beer. How long will that take? I wonder if any default has gone through all of these fucking "steps" sequentially. Mostly I bet they have crashed and burned.

The issue with bond ratings is similar to the issue with audits and the issue with audits was at least partially addressed by Sarbanes-Oxley. They / we / you need similar reforms to these fucking rating agencies. If I say,"I will pay you a lot of money for you to say how relatively great I am, and this is a year-to-year deal," I am thinking you will say I am pretty great.

I agree with the Libs on a lot of the free market stuff but I don't see a free market solution to this conflict of interest and so I want to regulate it out of existence.

[QUOTE=Dickhead;429969]Bond rating agencies get paid by those whom they rate so it is a bit of a scam to say the least. So if Fitch says they are "five steps from default" that probably translates as "one foot in the grave."[/QUOTE]The don't ALWAYS get paid by those whom they rate. And in particular, they rate rate sovereign nations as a service to their other paying clients who might otherwise be selling bonds and other securities of those nations through to their clienteles.

If anything, they are overly solicitous in rating securities issued by sovereign nations simply because they are protecting themselves from revenge by those nations' regulatory agencies that could impact them operationally. As a result, a firm like Fitch or S&P might have to soft-pedal bad news about the USA or U. K. Or Germany, but I seriously doubt that they would have any reason to soft-pedal information about Argentina.

Griesa's 15D deadline has been overruled by the appeals court. It's been pushed forward to some time in Feb I think.

Argentina and CFK were saved from probable default by a US Appeals Court judge who vacated the lower courts order requiring Argentina to place up to $11 billion in an escrow account while the case proceeds through the legal system. Guess this judge is Christina's Hurricane Sandy.

Not over yet. Vultures asking for cash on deposit.

[url]http://uk.reuters.com/article/2012/12/01/uk-argentina-debt-idUKBRE8B00F720121201[/url]

[QUOTE=Doppelganger;429982]Argentina and CFK were saved from probable default by a US Appeals Court judge who vacated the lower courts order requiring Argentina to place up to $11 billion in an escrow account while the case proceeds through the legal system. Guess this judge is Christina's Hurricane Sandy.[/QUOTE]

The economic future of Argentina. Isn't that a oxymoron?