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Argentina "Determined to Default" Second Time Background: Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but a vulture fund picked up an 8% share at rock bottom prices and refused to negotiate. In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on the small group of hold-outs.
Please consider the fate of Siberia Airlines Flight 1812 Siberia Airlines Flight 1812 crashed over the Black Sea on 4 October 2001, en route from Tel Aviv, Israel to Novosibirsk, Russia. The plane, a Soviet-made Tupolev Tu-154, carried an estimated 66 passengers and 12 crew members. No one on board survived
click on chart for sharper image Questions of the Day Did the US dollar rise because of what Yellen said or in spite of what Yellen said? Was the move based on wholesale prices or other economic data, as opposed to anything Yellen said? What about none of the above?
Taken from: Making Sense Out of "Contradictions That Make No Sense"
The same article, by the same author, appears on Yahoo!Finance as In U.S. Data, a Contradiction That Makes No Sense .