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Olduvai III: Catacylsm
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Did Argentina’s CNV Pass a Law to Avoid a Bond Payment?

Did Argentina’s CNV Pass a Law to Avoid a Bond Payment? Last Tuesday, Argentina’s securities regulator, the CNV, shocked markets by announcing Resolution 646 requiring that mutual funds price dollar-denominated assets in pesos at the official government rate rather than the market rate that is closer to the parallel or blue dollar. Despite efforts from banks […]

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Putin Pans Ukraine’s Debt Moratorium As “De Facto Default”, Threatens Court

Putin Pans Ukraine’s Debt Moratorium As “De Facto Default”, Threatens Court In exactly a month, Ukraine will owe Russia a $75 million debt coupon payment. Finance Minister Anton Siluanov told reporters in Moscow today that “if they miss the payment, we will use our right to go to court.” Then it got serious, as Vladimir Putin […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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