Argentina

Moody's issued the following press release yesterday in relation to Argentina's foreign-law sovereign obligations.

By Sober Look Further evidence of Argentina's crashing economy is now directly visible in the nation's GDP contraction. Reuters: - Argentina's economy contracted in May while industrial production slumped further in June, data…

The latest data out of Argentina are just one month's data. But the trend is clear and it is alarming: economic growth is slowing dramatically in Argentina. Three articles in Argentine dailies point out the nexus of issues developing around…

This is a quick note here on Latin American economies where currency issues are the main story. Argentina has been most often in the news, but the slowdown in Brazil should be top on the radar. I also note that some European banks are…

That a couple of Latin American countries have recently announced the expropriation of foreign investors in the energy sector seems hardly like new news. After all, cycles of nationalization and privatization have unfolded for more than…

A look at the fundamentals shows why Fernandez is engaging in such visible theatrics, which also includes recent vitriol regarding the Falkland Islands. Simply put, we think economic stresses are intensifying. How deep the stresses will get…

I ran across three separate articles on peak oil at well-regarded financial news sites today: The Economist, The Financial Times and Le Figaro. I thought I'd give you a run down of what they were saying and what it means for the economy and…

I think this should be obvious to everyone by now, but peak oil is a clear factor in the Argentina/Spain oil crisis. Here's what happened.

Spain is involved in two stories today that point to the difficulties that surround sovereign governments that are overindebted in foreign currency. There are a ton of Spanish-language links for that reason.

There have been a lot of people talking about Argentina as if it were the model for other governments in sovereign difficulty to follow. Yes, Argentina's decision to default was realistically the right call given the crushing debt load. And…