◀ The Principal Blog

Posts tagged ‘emerging markets’

Vultures, a Ship, and RUFO: The Weird Tale of Argentina’s Latest Default



Last week, Argentina fell in default…again. Argentina last failed to make payments on its sovereign debt obligations in 2001, to the tune of $80 billion. Market reaction outside of Argentina to the most recent stumble was generally muted.  The U.S. stock market was down last week, but mostly…

Read more

India Warms to Reform: Part 2 of 3



The recent election results in India have reflected the country’s desire for change and bestowed a strong political mandate on newly-elected Prime Minister Narendra Modi. With expectations for growth sitting heavily on his shoulders, the question is whether the new government can create…

Read more

Recent