December 2022
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December 4, 2022

Financials Matter

"It's Not Just About Finance"

Argentina Bonds? Look Out Below!

A while back we wrote about how the desperate appetite for yields caused many pension funds to buy 100 Year Argentina Bonds (HERE).  We also noted that this “disaster waiting to happen” would blow up and crush many unsuspecting pensions.  (Hopefully not yours).

It’s now time for a reality check.

So far, in 2018, Argentina’s 100-year bond has crashed over 20%.

Yes, you read that right…20%.

And there is a lot more downside coming.

Why?

In a desperate attempt to protect their peso, Argentina recently raised interest rates to 40% from 33.25%.  And that was a day after they were raised from 30.25%.

That’s insane stuff.

But, then again, maybe not so insane when you consider they’ve defaulted on their countries debt every 20-30 years.

This not only affects the bond market but it also can be a devastating blow to the Global Pension Crisis that’s limping along on life support.  (You can read about that HERE).

You must remember that, as far as the markets are concerned, everything is connected…everything.

And the markets ALWAYS move in ANTIPICATION of events happening.  They don’t wait for a ringing bell telling them to get out.

The coming Pension Crisis in America is no different than the rest of the world with one exception.  We can print more money than anyone else and delay the inevitable because there are more dollars in the world than any other currency.

An economic collapse isn’t caused by inflation, deflation, stagflation or massive amounts of money pumped into the system.  It happens when the people lose confidence in their government.

We’re not there yet but we’re headed in that direction.

That’s precisely why you need to pay attention to countries like Argentina, Venezuela.  Look at them as signposts along the highway to help you “connect the dots” and stay ahead of the crowd (HERE).

You’ll thank us later.

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