VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (39193)	7/18/2001 10:50:05 AM
From: Jim Willie CB	Read Replies (1) of 65232

yeah right, Argentina is talking tough now option#1: default on debt future aid will be too expensive, from bad risk past consequence would be big quick devaluation of currency, and big quick discount drop in Merval stock market (just like Russia) option#2: austerity payoff of all debt future will be full of recession and worse from exhausting capital (take all the food to pay the landlord, and all starve tomorrow) they are getting killed from currency, pegged to US$ they cannot compete on price with the nearest neighbors their solution is to devalue and depeg what do they do? talk tough they are toast next to the toaster oven is Brazil the hardship from excessively strong currency spreads over borders / jw

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