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re: Update pg 23: Russia,IMO, will default on its sovereign debt within six months
Posted on 10/3/14 at 9:17 am to Big Scrub TX
Posted on 10/3/14 at 9:17 am to Big Scrub TX
quote:Six months is probably a stretch on my part. Probably more like 6 months to a year from now. Is that better?
I would be surprised if they defaulted within 6 months.
1
Posted on 10/3/14 at 7:28 pm to LSURussian
quote:
Six months is probably a stretch on my part. Probably more like 6 months to a year from now. Is that better?
It's more plausible, yes, but I don't really buy into it. What liquidity do they have on hand presently and what are there future liquidity prospects? Are you arguing for more of a "strategic" default - as in pure, gold ol' fashioned Putin realpolitik? Or are you arguing they simply cannot pay the bills so they don't? IMO, the former is a lot more credible.
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