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Strategies & Market Trends : John Pitera's Market Laboratory
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To: marcos who wrote (4912)10/24/2001 3:40:11 PM
From: John Pitera  Read Replies (2) of 33421
 
Argentine Economy Minister Domingo Cavallo is currently in the United States. His trip was unannounced and there is even some speculation that following meetings in New York, he will head to Washington to seek more help for Argentina. Cavallo may be pitching a few different options such as dollarization, fresh IMF funding or easier repo facility access. We still think that default is inevitable and have come across reports that such speculation may be exacerbating the run-up in Treasuries.

--from briefing
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