Defiant Argentina Preparing For Default, Cozies Up To China

Argentina is in talks with China ahead of a potential default on its bond obligations. While this is said to be a surprise to some investors, it should not come as a surprise to ValueWalk readers. Investors who purchased SWAPs insurance would do well to make sure their SWAPs default contracts are iron clad and ISDA compliant. Argentina playing the new cold war game to perfection Argentine President Cristina Kirchner, playing the new cold war game to perfection, has been busy lining up trade deals, investments and credit lines from Russia and China to help bridge the country’s financial needs…