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Home > Financial Survival Network > John Rubino - Argentina, Iran and Oil #3983
Podcast: Financial Survival Network
Episode:

John Rubino - Argentina, Iran and Oil #3983

Category: Business
Duration: 00:30:00
Publish Date: 2018-05-08 09:00:00
Description: Turmoil has again swept the Argentine economy. Overnight short term rates have been raised to 40 percent as the currency crashes. And to think just last year they were issuing 100 year bonds with a 7.9% coupon. Who were the lucky investors getting that slop? Hopefully not hapless American pension funds. And then there's Iran. Today, Trump will decide what to do about the agreement with Iran. The smart money is betting he abrogates it, witness the price of oil breaking $70. Is war in the offing?
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