But if the lender knows the chances of getting the capital back are close to zero??
Posts from Rice in thread „Coronavirus and the Argentine economy“
-
-
The unbelievable thing is that anyone is still willing to lend money to Argentina or individual provinces.
-
I penned a short article on this very subject.
-
Excellent analogy, @JAN . You’re good at that. Have you ever thought of teaching?
-
Very valid and good point, @JAN . The dollar may be going up or down against all currencies, but those fluctuations are slight. By contrast, the peso continues to fall so dramatically against the dollar as well as the euro, that the real question has to be “where is the peso going?”
I’m so stunned that the (unofficial) dollar buys twice as many pesos as it did 4 months ago. And yet the official dollar remains where it was 4 months ago. I’m afraid we can see where the peso is going, and it is not a pretty picture. -
It really IS fantastic, the way Argentina repeatedly is knocked down and pops right back up again. I hope this continues.
-
This article in BA Times is informative, if discouraging.
