BUENOS AIRES, Argentina (PNN) - December 10, 2018 - Last year, when Argentina offered a 100-year bond, I argues it was plain insanity. Argentina sold $2.75 billion of the debt, but the issue was nearly four times oversubscribed.
How could investors place so much faith in a country that spent most of its post-independence history defaulting on its debts? Plagued by a series of populist governments since the mid-20th Century, Argentina defaulted twice in the last twenty years, and eight times since its independence in 1816.
Well guess what… it’s again crisis time in Argentina.













