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Argentina Groups


Grexit- Greece and the Argentina example of default and recovery revisited in June 2015 with an impasse in debt negotiations

06/25/2015

James Stewart in the NYT cites 2 papers, one by Prof. Arturo Porzecanski at American University and the other from Daniel Gros at the Center for European Policy Studies in Brussels, which show the serious problems of Greece following the Argentina example. Argentina defaulted on its debt in 2001 with the the ensuing years resulting in economic chaos. It recovered because of demand from Brazil and China for its exports of soyabeans, corn and soya oil. It also has large oil and shale reserves. Greece's main exports are cotton and fish, which are not in high demand, and cannot provide an economic boost. Tourism has gone up with price reductions, yet total revenues have not changed. The Greek banks are dependent on the ECB for financing, and the Greek business sector operates with borrowings in euros. Conversion to drachmas would be much more difficult than Argentina's shift to the peso and removing the peso's peg to the dollar. Stewart says he talked to Greece's finance minister Varoufakis about this, and Varoufakis is of the view that Argentina is not the right example for Greece. Greeks voted in Syriza to negotiate a better deal, and rejecting austerity- yet a majority of Greeks in 2015 favor staying in the eurozone and the European Union.

Grouped Articles

If Greece Defaults, Imagine Argentina, but Much Worse

New York Times 06/25/2015

Greece Calls Referendum on Bailout Terms

Wall Street Journal 06/27/2015

Greek Debt Crisis Intensifies as Extension Request Is Denied

New York Times 06/27/2015

Greece Defaults on IMF Loan Despite New Push for Bailout Aid

Wall Street Journal 07/01/2015

Greece, Missing I.M.F. Payment, Is Called Effectively in Default

New York Times 06/30/2015

Suicide Isn’t Painless

Wall Street Journal 07/02/2015

The four year EPA study released in June 2015 on the effects of fracking saying no widespread or systemic damage to drinking water, but vulnerabilities need to be tackled

06/05/2015

The 4 year U.S. Environmental Protection Agency study concludes that there is no widespread or systemic damage to drinking water in the U.S. The Environmental Defense Fund points to the problems with older wells and wastewater which need to be tackled, and raises concerns that the EPA report will lead to the industry relaxing its safety efforts.

Grouped Articles

Fracking Has Had No ‘Widespread’ Impact on Drinking Water, EPA Finds

Wall Street Journal 06/05/2015

The EPA Fracking Miracle

Wall Street Journal 06/05/2015

Trump Picks Scott Pruitt, Climate Change Dissenter, to Lead E.P.A.

The New York Times 12/07/2016

Trump Picks Scott Pruitt, Climate Change Dissenter, to Lead E.P.A.

The New York Times 12/07/2016

Clean Energy ‘Moving Forward’ Despite Trump’s E.P.A. Pick, Experts Say

The New York Times 12/09/2016

The Economist and WSJ on shale oil, the Saudis and oil prices in 2015 and beyond

01/13/2015

The Economist points out that shale oil production technology is at the early stages with production costs likely to come down from an average of $57 a barrel. With the relatively small costs to start drilling in shale deposits and extensive new shale deposits in the U.S. and other parts of the world, shale is likely to remain a factor in oil production and prices for a long time. Any impact of Saudi oil price cuts on shale oil production is likely to be temporary, as new advances in the technology and efficiency will make shale oil a serious source of oil supplies. Already some efficient shale oil producers have costs below $35 a barrel in the U.S., according to the CEO of CSX Railroad. CSX has dropped the fuel surcharge to improve the competitiveness of shale transported by rail from the Bakken shale region in N. Dakota.

Grouped Articles

The new economics of oil: Sheikhs v shale

Economist 01/13/2015

Back to the Future? Oil Replays 1980s Bust

Wall Street Journal 01/14/2015

New King in Saudi Arabia Unlikely to Alter Oil Policy

New York Times 01/23/2015

Exxon Mobil: Shale to the Chief

Wall Street Journal 03/06/2015

U.S. Producers Ready New Oil Wave

Wall Street Journal 03/14/2015

Shale-Oil Producers Ready to Raise Output

Wall Street Journal 05/14/2015

The impact on Latin America of the restoration of relations between the U.S. and Cuba

12/22/2014

The gradual normalization of U.S.- Cuban relations is likely to affect how the U.S. is perceived in Argentina, Venezuela, Colombia, Brazil, Mexico and other countries.

Grouped Articles

A deal with Castro, for a post-Castro future - The Washington Post

Washington Post 12/22/2014

Obama Meets Raúl Castro, Making History

New York Times 04/11/2015

An Investment in Colombia’s Peace

New York Times 02/05/2016

Obama Visit Affirms Argentina’s Shift Toward Center

New York Times 03/23/2016

Colombia’s Remarkable Peace Process

The New York Times 08/25/2016

Fidel Castro’s Death Casts Doubt on Cuba’s Relations With U.S.

WSJ 11/26/2016

Investing strategies for 2015

12/19/2014

Grouped Articles

How Investors Can Prepare for 2015

Wall Street Journal 12/19/2014

A 2015 ‘Rebalancing’ Act for Investors

Wall Street Journal 01/01/2015

Lessons From Fund Managers in Their 70s, 80s

Wall Street Journal 01/06/2015

Why This Old Bull Market May Not Be Ready to Die

Wall Street Journal 04/26/2015

Smart Moves in a Pricey Stock Market

Wall Street Journal 05/03/2015

Five Things: What Investors Shouldn’t Do Now

Wall Street Journal 08/23/2015

iPads vs. paper books for reading to children or how to integrate iPads with paper books and libraries for a fuller experience

10/11/2014

The role of reading in a child's development is crucial for the child's future, with parents reading to children an activity to be encouraged and fostered by society in every way. How can parents use electronic technology of iPads to shift some of the television time to the wider selection of books and programs of educational value for children? Training children to make wise and useful choices of educational value from the wide proliferating selection on the internet is itself an exercize that is needed, just as the exercize of showing children how to make wise and useful eating choices is needed.

Grouped Articles

Is E-Reading to Your Toddler Story Time, or Simply Screen Time?

New York Times 10/11/2014

The Great Gift of Reading Aloud

Wall Street Journal 07/15/2015

Long Line at the Library? It’s Story Time Again

New York Times 11/01/2015

Why Kids Can’t Write

The New York Times 08/02/2017


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