Not the best way to face the oil bust.
The infamous hedge funds are back with new antics to claw back from Argentina what they (and US courts) think is theirs.
The German connection.
Unprecedented since the return of democracy.
One of Argentina’s most vibrant industries on the verge of ruin.
Bad credit, no problem.
“Stick of dynamite waiting for a match… which we now see with crashing oil prices.”
The reward for China is long-term access to cheap commodities.
It’s as simple as that because as of January 1, Argentina actually could pay.
An essential lifeline is now under threat.