Bill Blain Flips Out: "Not Much Surprises Me Any More About Markets, But Really? Really!?"
On Monday morning, we reported that in a stunning development, chronic defaulter Argentina - which just one year ago emerged from its latest bankruptcy - has found enough willing greater fools to sell 100-year bonds to. One person who especially stunned, was Mint's Bill Blain, who issued an entire note describing his disgust with what the market has devolved to.
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Argentina 100 Year Bonds: Really? Nobody Believes, But They Will Buy.
“Everyone should learn to Tango before they die.. ”