Where was the default crowd making it life & death decision now, when they were silent in November while we paid a $1.5 billion Eurobond < 2 months ago? Did they just learn what a Eurobond is? November one was 25% larger than today’s. Why didn’t they scream about baby milk then?
I’m talking about politicians and “experts”
Hypothesis: Three Groups.
Group I in November thought Eurobond was James Bond’s sister-in-law from France.
Group II jumping on the populist bandwagon to gather brownie points instread of taking a leadership positon based on conviction.
Group I in November thought Eurobond was James Bond’s sister-in-law from France.
Group II jumping on the populist bandwagon to gather brownie points instread of taking a leadership positon based on conviction.
Group III: Genuine belief in default based on scorched earth & creative destruction. Let’s blow shit up so we can rebuild the country from scratch. These are the only people I can empathize with. They know the dangers but they want to take the risk anyway.
On the record prediction: Lira > 3000 the day we default on the Eurobonds.
