As I have noted with my students for several years, and more recently on these pages, when Argentina defaulted they paid back 40% of their debt. This amount has then formed the upper estimate of what my threshold for Greek default loan repayment.
Here is a news report that suggests the negotiations for default are coming in exactly at 40%. My thanks to a friend, Brent. He is the source for many of the links which I cite on this blog.
On another note, I notice that Hussman is also drawing comparisons with Argentina in his analysis of how the Greek story is likely to play out.
Here is a news report that suggests the negotiations for default are coming in exactly at 40%. My thanks to a friend, Brent. He is the source for many of the links which I cite on this blog.
On another note, I notice that Hussman is also drawing comparisons with Argentina in his analysis of how the Greek story is likely to play out.
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