Argentine Economy

[MataHari]

Buy dollars or Euros.

Given the insane out of control public debt of western economies, I d rather buy solid assets than paper produced en masse based on nothing tangible. Buy rare or soon to be rare assets: art pieces, oil, metals. Real estate next year in the US and Great Britain from next year on could be worth a look, even tho high unemployment and toughened credit rules should sitll weight on those markets for a few years.

[Joe Hernandez]

Joe:

Misunderstood your point.

Argentina is like that friend you love and is always in a financial bind. You loan them money and they do pay you. However, two days after you get paid, they are back on your doorstep asking for another loan and the cycle starts all over again. The loan is never paid off except for about eight days a year.

All I wish to know is, how do I position myself when the peso goes to hell in a hand basket?

Buy dollars or Euros.

[Damman]

Joe:

Misunderstood your point.

Argentina is like that friend you love and is always in a financial bind. You loan them money and they do pay you. However, two days after you get paid, they are back on your doorstep asking for another loan and the cycle starts all over again. The loan is never paid off except for about eight days a year.

All I wish to know is, how do I position myself when the peso goes to hell in a hand basket?

[Joe Hernandez]

Joe, come on, INDEC a reliable number? It is in their best interest to cook the books. No big deal, it will all work out like it is suppose to, in spite of us.

That's why I said nobody in his right mind will want inflation linked bonds.

I wonder as well if Canal 7 is going to buy the soccer-rights, seems to me it's an expensive way to settle the score with Clarin.

[Precocious One]

http://www.seekingalpha.com/article/...ross-the-board

[Damman]

You haven't been following what happend to INDEC?

Nobody will want a inflation index bond.

If they find some way to get them off the market the interest paid on the newly issued bonds will be lower

Joe, come on, INDEC a reliable number? It is in their best interest to cook the books. No big deal, it will all work out like it is suppose to, in spite of us.

[Joe Hernandez]

See it as one big damn poker game. Cry poverty, threaten default, create fear and panic to whittle the paper down to about ten cents on the dollar and wallah, paid in full, ten cents on the dollar. Do not care who it is, Gringo, Argentine, Ernie Shwartz, when they want the money, promise you everything and anything: "Trust Me." When it comes time to pay up, every damn excuse in the world is used to not meet their obligations. It is never convenient. No one is going to loan anyone anything without an inflation index clause. Suggest the mob start servicing loans.

You haven't been following what happend to INDEC?

Nobody will want a inflation index bond.

If they find some way to get them off the market the interest paid on the newly issued bonds will be lower.

[Damman]

Argentina should offer a deal to the hold-outs, settle with the Paris group and buy the inflation linked bonds.

That will be costly but will be a lot cheaper in the long run but that's unlikely to happen untill 2012

See it as one big damn poker game. Cry poverty, threaten default, create fear and panic to whittle the paper down to about ten cents on the dollar and wallah, paid in full, ten cents on the dollar. Do not care who it is, Gringo, Argentine, Ernie Shwartz, when they want the money, promise you everything and anything: "Trust Me." When it comes time to pay up, every damn excuse in the world is used to not meet their obligations. It is never convenient. No one is going to loan anyone anything without an inflation index clause. Suggest the mob start servicing loans.

[Joe Hernandez]

Argentina should offer a deal to the hold-outs, settle with the Paris group and buy the inflation linked bonds.

That will be costly but will be a lot cheaper in the long run but that's unlikely to happen untill 2012.

[Tessan]

I was surprised when Argentina said it was going to tap international markets, since they have to settle with the people they owe money to first, from the last default. So their only real choice is to push back existing debt. The link below is from Reuters. It Talks about borrowing 200 million from the pensions, and the bond swap.

http://www.reuters.com/article/marke...11085020090812

[Damman]

It is always something when you have bills to pay. Checks in the mail and I promise, won't cum in your mouth, dah de dah.

BUENOS AIRES (Dow Jones)--Argentina's government has done an about-face with its plans to tap international capital markets and will instead seek to defer about $9 billion in payments by offering a global swap for medium-term debt, the Cronista newspaper reported Wednesday. Economy Minister Amado Boudou won't negotiate with holdbout bondholders nor with the Paris Club of sovereign creditors, it said.

[Joe Hernandez]

I like Kevingston and La Marina and it's about half of what it would cost in Europe.

[Fernando22]

Argetina has the worst production leather I've ever witnessed.

This I must agree with you.

Remeber I was a kid in Holland when mother bought me a pair of argentine leather boots. They were hard as stone to wear. Mother told me with passing days will get softer. Three years later they were as harder as the first day.

Leather exports in Argentina are the meanest and corrupt guys I ever met.

I must conclude with Sidney. Buy nothing in AR. But least of all leather products!

[Artisttyp]

My motto is: Buy nothing in AR!

To Sidney and WW:

I have been shopping in SA for a number of years now and usually inspect merchandise like a new car. My eyes *usually don't do me wrong. I must say though that shopping in SA is extremely frustrating. Even when you buy stuff factory sealed there are major defects. They make the dumbest mistakes I've ever seen.

I assume you know the american brand " carhartt "? They made one style of belt in argentina. The loop that you put the belt through was stapled together! You export that shit under " hecho en argentina "?

Argetina has the worst production I've ever witnessed.

The best places for leather are:

Mexico.

Ecuador.

Colombia.

BA is last. Great skins but no idea what to do with them. The boots I bought are just ok but I would rather any american workboot made in china any day.

[Wild Walleye]

If you know what you are looking for and take the time to examine the quality before purchasing, you can do just fine. Apply the same principals to buy other products in Bs As as you do buying pussy. Look for well reviewed providers know for delivering quality.