Argentine Economy

[Daddy Rulz]

http://finance.yahoo.com/news/argent...1UAykAFJOTmYlQ

Fabrega was likely the last hope for Argentina before they do something even more stupid than making a mountain out of a mole hill. Throw a 50% export tax on soybeans and expect farmers to continue business as usual. Argentina has the natural resources to be doing as well as Australia, but they are determined to continually screw everyone else and themselves in the process.

This was the last voice of reason in this country. 25-1 by January.

I wonder if this "Fabrega handed in his resignation this afternoon in a way that was impossible to decline," means he walked across the street into her office and said "WTF are you doing?" and walked out.

[Esten]

The day he blocked legal payments to a majority group of bondholders, to help the holdout Vulture funds. He could have slapped contempt charges and penalties on Argentina without doing this and forcing a technical default. But he's pretty much accountable to nobody, and so can pretty much do what he wants.

As a federal judge he can't be fired. The only recourse would be for Congress to remove him through a lengthy process called impeachment and conviction. Which has only happened a few times in U.S. history. And there's no chance of that happening with a Republican House, since Judge Griesa is a Republican, and Paul Singer is a Republican and a major donor to Republicans.

Apparently Griesa has a history of arrogance and abuse of judicial power. As evidenced by statements from other lawyers and judges at the link below.

Federal judges cannot be fired and have no mandatory retirement age
http://the-tap.blogspot.com/2014/06/...-and-have.html

[TejanoLibre]

Christina blaming the United States:

http://news.yahoo.com/us-could-toppl...095518100.html

TL.

[Dccpa]

http://finance.yahoo.com/news/argent...1UAykAFJOTmYlQ

Fabrega was likely the last hope for Argentina before they do something even more stupid than making a mountain out of a mole hill. Throw a 50% export tax on soybeans and expect farmers to continue business as usual. Argentina has the natural resources to be doing as well as Australia, but they are determined to continually screw everyone else and themselves in the process.

[Tres3]

CFK preaches to the Argentine masses while the rest of the world is bewildered or laughing.

http://bigstory.ap.org/article/2c114...a-us-relations

Tres3.

[Tres3]

It seems to me that CFK is the one who is "silly", but I guess that plays well to the Argentine masses.

http://news.yahoo.com/argentina-move...--finance.html

Tres3.

[Tres3]

It is too bad that Griesa cannot put some of the Argentine players in jail for contempt like he can for Americans. It will be interesting to see what happens if CFK or her cohorts travel to the USA.

http://finance.yahoo.com/news/u-cour...204334480.html

Tres3.

[Dickhead]

Name one responsible Argentinean adult, ever. Even Borges fucked off at his job at the library (he was a 'gnocchi'), although he was good to his mother.

[Tres3]

When will responsible adults stop acting like children?

http://finance.yahoo.com/news/argent...8--sector.html

Tres3.

[TejanoLibre]

Interesting anecdote. Now it makes sense why the only Kosher mcdonalds outside of Israel is located there. I always thought it was curiously random.

I thought that it was because of the neighborhood that it's in.

I was there one day and a tourist asked me to take a picture of him standing in front of the McDonald's but when I started to take the picture a security guard told me that I could not take any pictures.

I asked the guard if he had a gun and when he said "NO" I said "Fuck You" and took the picture anyway.

Like an English Cop would say "Stop or I'll say Stop Again! ".

Had to laugh!

Paranoid about someone blowing up the McDonald's I guess.

TL.

[BadMan]

Including the Abasto Shopping center, which was for years a wholesale grocery market before he renovated and converted it into a modern shopping center.

Interesting anecdote. Now it makes sense why the only Kosher mcdonalds outside of Israel is located there. I always thought it was curiously random.

[Jackson]

Soros became a billionaire in BA and still owns a real estate empire in Argentina.

Including the Abasto Shopping center, which was for years a wholesale grocery market before he renovated and converted it into a modern shopping center.

[Miami Bob]

He came to BA with a US $100,000,000 line of credit and invented factoring outside of the Argentine banking system by creating financial cooperatives.

He left a billionaire.

[BadMan]

This is what Argentina gets for writing such ridiculous bond terms. A good CAC would have put a stop to all this nonsense. Having said that. These funds better hurry up and negotiate while they still have the upper hand. Global opinion (not just hedge fund investors) is against them. And the voices are growing louder. IMF, WB, UN, EU, US State Department, UK courts, France, Germany, most well respected economists etc.

http://www.un.org/apps/news/story.asp?NewsID=48682#. VCXFzajn8 sI.

http://unctad.org/en/pages/newsdetai...=UNCTAD%20Home

http://harvardpolitics.com/world/arg...holdouts-hurt/

What the US governments opinion is on debt and default. As least as far as the US of A is concerned. Luckily we can just print our way out of default.

http://www.heritage.org/research/rep...he-way-forward

[Tres3]

Argentina is willing to negotiate, BUT only if the New York ruling is stayed. I guess that Argentina also believes that pigs can fly.

http://www.bloomberg.com/news/2014-0...tml?cmpid=yhoo

Tres3.