Here s what five of them told CNBC amid Tuesday s action:
Duquesne Family Office CEO Stanley Druckenmiller said the market s mania could push his firm out of equities by the end of 2021: I have no doubt, none whatsoever, that we are in a raging mania in all assets. I also have no doubt that I don t have a clue when that s going to end. I knew we were in a raging mania in 99 and it kept going on and if you had shorted tech stocks, say, in mid- 99, you were out of business by the end of the year. But we are still long the stock market. We re not as long, nearly as long, as we were four or five months ago. We re still playing the game. We ve shifted a lot of our relative bets into commodities, into interest rates, into the dollar. All those shifts occurred last, say, August to October when it became clear to us that the recovery was going. But I will be surprised if we re not out of the stock market by the end of the year.
3 Min Read
LONDON (Reuters) - Suriname Eurobond creditors accused the government on Friday of breaching its obligation of negotiating its debt overhaul in good faith and threatened to reinstate payments they previously agreed to defer.
Suriname, battling high inflation and the economic fallout of the coronavirus pandemic, accused the bondholder committee of making false statements and urged it to “reconsider this ill-informed course of action.”
Creditors last month agreed to defer payments on $675 million in bonds, but on Friday said Suriname had not allowed them sufficient participation in a $690 million staff-level financing deal with the International Monetary Fund.
“The committee believes that Suriname has already breached its obligation to negotiate in good faith, as required by the terms of the Eurobonds,” the creditors said in a statement.
3 Min Read
LONDON (Reuters) - Suriname Eurobond creditors accused the government on Friday of breaching its obligation of negotiating its debt overhaul in good faith and threatened to reinstate payments they previously agreed to defer.
Suriname, battling high inflation and the economic fallout of the coronavirus pandemic, accused the bondholder committee of making false statements and urged it to “reconsider this ill-informed course of action.”
Creditors last month agreed to defer payments on $675 million in bonds, but on Friday said Suriname had not allowed them sufficient participation in a $690 million staff-level financing deal with the International Monetary Fund.
“The committee believes that Suriname has already breached its obligation to negotiate in good faith, as required by the terms of the Eurobonds,” the creditors said in a statement.
3 Min Read
LONDON (Reuters) - Suriname Eurobond creditors accused the government on Friday of breaching its obligation of negotiating its debt overhaul in good faith and threatened to reinstate payments they previously agreed to defer.
Suriname, battling high inflation and the economic fallout of the coronavirus pandemic, accused the bondholder committee of making false statements and urged it to “reconsider this ill-informed course of action.”
Creditors last month agreed to defer payments on $675 million in bonds, but on Friday said Suriname had not allowed them sufficient participation in a $690 million staff-level financing deal with the International Monetary Fund.
“The committee believes that Suriname has already breached its obligation to negotiate in good faith, as required by the terms of the Eurobonds,” the creditors said in a statement.