30 September 2014

Argentina

So the Argies default on another bond issue. They've been doing that at roughly ten year intervals for a long time. The default and ancillary issues were described as “~ 26 Billion USD, or the amount that Argentina holds in foreign currency reserves”.

Some few months before that declaration there was a series of fires – if by series one means many (3+
) on one night, all at secure document storage facilities operated by Iron Mountain. There was a loss of at least a dozen lives, despite there being reportedly quadruple layers of reduncacy on the fire supression systems.

All this taking place on the eve of a major audit.

Nothing to see here, move along citizens, or you'll feel this nice cattle prod.

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