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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (1754)	4/9/2008 5:52:45 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71462

!!! Fake inflation numbers... for example,...in Argentina: Here is the followup: Argentina Bonds Down On More CPI Doubt; Stocks Up On Oil Cos Wed, Apr 9 2008, 21:02 GMT djnewswires.com Argentina Bonds Down On More CPI Doubt; Stocks Up On Oil Cos By Drew Benson Of DOW JONES NEWSWIRES BUENOS AIRES (Dow Jones)--Argentine stocks slid Wednesday, as steelmaker Siderar (ERAR.BA) helped pull the benchmark Merval Index down on news that the Venezuelan government plans to nationalize its sister company, Sidor. Meanwhile, locally traded Argentine bonds continued to edge lower ahead of Thursday's March consumer price index report, which economists again expect the government to downwardly manipulate. The peso closed for a third-straight day at ARS3.16 against the dollar. The Merval Index slid 0.40% to 2,149.90 points, while the broader General Index ended 0.67% lower at 120,769.73. Volume eased some on the day to ARS107.7 million with ARS96.5 million in local shares, from ARS111.7 million with ARS101 million in local shares Tuesday. Local steelmaker Siderar, which belongs to Luxembourg-listed Ternium, ended 3.07% lower at ARS25.20 on news that Venezuela plans to nationalize Sidor. Ternium also operates a steel company in Mexico. Telecom Argentina (TEO) ended 3.3% lower at ARS13.15, while Merval heavyweight Tenaris (TS) was unchanged at ARS82.70. In the local debt market, the price of the Discount bond in pesos edged lower to ARS111.25 from ARS111.90, while the Bogar 2018 slid to ARS147.90 from ARS148.30. Media reports this week have suggested that the government, which has allegedly been manipulating monthly inflation data since January 2007, will report that prices rose by around 1% on the month in March. But after a three-week farm strike, which was suspended April 2, sent food prices climbing, economists are now estimating that the consumer price index jumped by around 3% from February. Further eroding confidence in the official data, the government delayed the release of the CPI report to Thursday. It is normally released during the first week of the following month. Argentine government officials regularly deny that they are manipulating inflation data. -By Drew Benson, Dow Jones Newswires; 5411-4311-3127; andrew.benson@dowjones.com (END) Dow Jones Newswires April 09, 2008 17:02 ET (21:02 GMT) Copyright 2008 Dow Jones & Company, Inc.

To: RockyBalboa who wrote (1754)	4/9/2008 6:04:43 PM
From: Real Man	Read Replies (2) \| Respond to of 71462

Yep. That's coming here some day.

To: RockyBalboa who wrote (1754)	6/2/2008 11:08:52 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71462

Argentina is defaulting on its sovereign debt yet again, They are priced for the dustbin. On paper, Argentina looks safe. The world's biggest exporter of soybeans - and number two in corn - is riding the food boom, even if at war with its own farmers. The trade surplus is $12bn. Foreign reserves are more than $50bn. Yet the default premium is soaring anyway. Argentina is a warning of what can go wrong once inflation gets out of hand, as it has in roughly half the world. Among the CPI rates - if you believe them - are: Ukraine (30pc), Venezuela (29pc), Vietnam (25pc), Kazakhstan (19pc), Latvia (18pc), Qatar (17pc), Pakistan (17pc), Egypt (16pc), Bulgaria (15pc), Russia (14pc), the Emirates (11pc), Estonia (11pc), Turkey (9.7), Indonesia (9pc), Saudi Arabia (9.6pc), Romania (8.6pc), China (8.5pc) and India (7.6pc). telegraph.co.uk Bankers in London and New York have hawked the debt with the same insouciance that they hawked US sub-prime mortgages. These "Linkers" were also deemed to be as safe as houses.