eldenfrente

Argentina to Default?

Leoncio, in his typically Argentine outburst, may be right about the lack of hard facts that support Nusbaum's words. However, in typically Argentine way, he overlooks the importance of sentiment and perception in markets. The country's leadership (?) is doing a fine job of digging the country into a factual and perceptive hole. Anything can happen there... as it did when the currency "intangibilidad" law was passed and then promptly shredded. Argentina: "un pais en serio... con vocacion de contramano."