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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.32-1.8%Nov 4 4:00 PM EST
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To: Haim R. Branisteanu who wrote (35726)6/13/2008 3:49:20 PM
From: elmatador  Read Replies (1) of 217542
 
Argentine bonds have fallen 19 percent, increasing speculation that the country could default on its debt for the second time in a decade.

Argentina is defaulting on its sovereign debt yet again, this time by stealth. Wealthier Portensos with a nose for trouble are pulling their savings out of Buenos Aires banks. Most are buying dollars, or slipping across the Rio de la Plata to deposit their stash in Uruguay.

This is going to give ammo to those crying for flight to quality
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