Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (42756)	12/8/2003 4:32:51 PM
From: elmatador	Read Replies (2) of 74559

Jay only your objectivity can explain this to elmat: During a year in which Mr Chavez has presided over the worst economic contraction and the most serious political polarisation in Venezuela's modern history, bond spreads have fallen by nearly 5 percentage points. Among other good performers last week were Ecuador, where powerful indigenous groups are mobilising to unseat the country's hapless and increasingly unpopular president and Argentina, whose bond prices rose, even though existing creditors are at loggerheads with the government over a proposal to restructure $99bn in defaulted debt. Overall, the Brazilian market is up by 123.6 per cent in dollar terms this year, Argentina is up 122.4 per cent and Venezuela a staggering 139 per cent. Currencies are up too and bond markets have risen to their highest levels since the Russian debt default in 1998. news.ft.com It appears that the market have reasoned: Well, if the US can have defict and lousy economic policies and grows, we can -sort of- grow too!! Unless this is TEOTWAWKI.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next