Thread: Argentine Economy

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  1. #1551
    Senior Member


    Posts: 577

    Argentina, creditors agree to $155 million more in default settlement: mediator

    If I have read the below linked article correctly, it looks as if the Argentina Government is robbing Peter to pay Paul.

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

    Tres3.

  2. #1550
    Senior Member


    Posts: 577

    Try to end the confusion

    Quote Originally Posted by DaddyRulz  [View Original Post]
    I realize this is a very complicated issue but I'm confused about something.

    I always through that Singers group had bought up the default bonds for pennies on the dollar. I assumed that for years until I was directed to some information that said they paid around 70 cents on the dollar. If that is true, how could the original debt have been 80 billion, Argentina will be paying I think the article said around 10 billion and Singers group will see nearly 400% on the original investment?

    Not disputing, just curious.
    Singer's group bought mostly "floating rate" bonds. See my earlier post on Feb. 9 for more details.

    Tres3.

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  4. #1549

    I'm confused

    Quote Originally Posted by BobbyDoerr  [View Original Post]
    Jax, good post. I know one of the holdouts in Singer's group. He's Turan Group out of Boston. I wouldn't call him a "minion" but he has been down here for conferences on the defaults a number of times. He's brilliant and says he was small potatoes having invested only a half a million. These guys have so much dough that they don't lose sleep over bonds they know are eventually going to be retired. The only question was how much? With accumulated interest, I would guess the offer of 75% of face is going to pay much more than a hundred percent of face value. Good deal for the bond holders and a great day for Argentina. It's not a done deal yet, but I think Congress will approve. Enjoying my visit here. Thanks. Bobby Doerr.
    I realize this is a very complicated issue but I'm confused about something.

    I always through that Singers group had bought up the default bonds for pennies on the dollar. I assumed that for years until I was directed to some information that said they paid around 70 cents on the dollar. If that is true, how could the original debt have been 80 billion, Argentina will be paying I think the article said around 10 billion and Singers group will see nearly 400% on the original investment?

    Not disputing, just curious.

  5. #1548

    Sleepless Nights of Minions

    Quote Originally Posted by Tres3  [View Original Post]
    I guess all of the sleepless nights endured by Singer's minions are going to finally pay off--if the Argentina Congress does not fuck it up.

    http://finance.yahoo.com/news/hedge-...144957191.html

    Tres3.
    Jax, good post. I know one of the holdouts in Singer's group. He's Turan Group out of Boston. I wouldn't call him a "minion" but he has been down here for conferences on the defaults a number of times. He's brilliant and says he was small potatoes having invested only a half a million. These guys have so much dough that they don't lose sleep over bonds they know are eventually going to be retired. The only question was how much? With accumulated interest, I would guess the offer of 75% of face is going to pay much more than a hundred percent of face value. Good deal for the bond holders and a great day for Argentina. It's not a done deal yet, but I think Congress will approve. Enjoying my visit here. Thanks. Bobby Doerr.

  6. #1547
    Senior Member


    Posts: 577

    Hedge funds poised to make massive gains on Argentina bonds

    I guess all of the sleepless nights endured by Singer's minions are going to finally pay off--if the Argentina Congress does not fuck it up.

    http://finance.yahoo.com/news/hedge-...144957191.html

    Tres3.

  7. #1546
    Senior Member


    Posts: 577

    Argentina and US creditors reach deal in longstanding spat

    The below link seems to indicate that the Argentina debt debacle is almost over -- if the Argentine Congress does not fuck it up.

    http://finance.yahoo.com/news/argent...160120062.html

    Tres3.

  8. #1545
    Senior Member


    Posts: 577

    Obama’s visit to Argentina seen as sign Latin America’s ‘pink tide’ is ebbing.

    The below link is to an article that appeared on the front page of Wednesday's Miami Herald.

    http://www.miamiherald.com/news/nati...e62021447.html

    Tres3.

  9. #1544
    Senior Member


    Posts: 577

    Argentina's Bond Fight Comes Down to Its Worst Bonds

    The below link is to a recent Bloomberg article about the defaulted Argentine bonds. It is the first time that I was aware that Argentina was foolish (or desperate) enough to issue floating rate bonds.

    http://www.bloombergview.com/article...=yhoo.headline

    Tres3.

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  11. #1543
    Senior Member


    Posts: 577

    Argentina offers U.S. Creditors $6.5 billion payment on defaulted debt

    Following is a link to this article.

    http://finance.yahoo.com/news/mediat...7--sector.html

    Tres3.

  12. #1542

    Not a bad start

    Quote Originally Posted by Thomaso276  [View Original Post]
    Build on what you have, being able to feed yourself is pretty huge.

  13. #1541

    Macri interview in english


  14. #1540

    Not for some of the leftists here (the Usual Suspects)

    They think only governments create economic growth and jobs are blown out of Christina's a$$.

    They will surely view this as Yankee Imperialism.

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  16. #1539

  17. #1538
    Quote Originally Posted by TejanoLibre  [View Original Post]
    Inflation-stricken Argentina to issue higher denomination banknotes.

    http://www.cnbc.com/2016/01/15/

    I knew this was coming !

    Beware of fakes.

    TL.
    Here is the working link:

    http://www.cnbc.com/2016/01/15/reute...banknotes.html

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  19. #1537

    200 , 500 Peso Notes ?

    Inflation-stricken Argentina to issue higher denomination banknotes.

    http://www.cnbc.com/2016/01/15/

    I knew this was coming !

    Beware of fakes.

    TL.

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