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Debt default in argentina hit 75 as all the nations assets plunge in value. The embattled president warns against a return to the previous regime. The greatest problem we argentines have day is that the alternative to the government doesnt have international credibility. Ive been saying this for three and a half Years National investors dont trust us. Protest fallout. Hong kong stocks lead declines tearfully the ceo decries the chaotic situation in the city. And lower for longer. U. S. Bonds hold onto Massive Gains as the spreads hit their narrowest since 2007, negative rates coming to america. Good morning and welcome to bloomberg. First off, i have yield on chinese tenure debt falling to read percent, the lowest weve seen it since 2016. Ats not just europeans negative, u. S. Debt is falling to record lows. Lows the likes of which we havent seen in a few years. Futureseuropea ....
If theyre wrong. The s p up 5 per and the nasdaq jumped 1. 5 . Theyre having a tough time putting together a coalition that can make sense of things that can go higher or lower. Its almost as if there are warring factions out there that cant reach a consensus and the result is this disparate amal gam of stock prices that are all over the map. House of pleasure. House of pain. Let me tell you where each of these factions are coming from and why they cant come to the agreement, creating the impression of complete chaos at any given session. The first faction, those who think the economy is strong and getting stronger. This group got a real boost today when the government reported that our countrys Gross Domestic Product or gdp grew by 4 per last quarter. Thats a remarkably strong figure. They buy the stock of economically Sensitive Companies betting that its better ....
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