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Topic: Venezuelan bonds rally on
bets Chavez sick again |
Venezuelan bonds rally on
bets Chavez sick again
Reuters, by Michael O´Boyle
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Original Article
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Posted By:PageTurner, 11/28/2012 12:02:44 AM
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| MEXICO CITY - Venezuelan bonds rallied on Wednesday by the most in nearly six months after President Hugo Chavez said he would return to Cuba for medical treatment, raising bets that his health has faltered. Chavez said he will travel to Cuba on Tuesday for medical treatment, following a nearly two-week absence from the public eye, months after undergoing cancer surgery on the communist-run island. If his health does worsen, his unwieldy coalition of military leaders and leftist social activists could fall apart. "This announcement is in line with our view that the president´s health is deteriorating,
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Comments:
The bond market isn´t subtle.
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Reply 1 - Posted by:
Japanorama, 11/28/2012 12:14:24 AM (No. 9036946)
Even if Chavez dies, so many Venezuelans are now dependent on the government that they´ll elect another dictator.
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Reply 2 - Posted by:
Spidey, 11/28/2012 3:00:23 AM (No. 9036999)
At least those people have hope under bizarre circumstances,we don´t.No such luck for us.
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Reply 3 - Posted by:
noddy, 11/28/2012 3:07:37 AM (No. 9037001)
So what could make U.S. bonds rally?
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Reply 4 - Posted by:
Elvira, 11/28/2012 6:21:18 AM (No. 9037054)
I don´t know about a rally incentive for bonds here, #3. However, my husband a I have moved a large part of our investments to bonds. My financial advisor says that with a good bond group we can look to make 5%, which ten, fifteen years ago would be small change. Today not losing money is the goal. Our advisor is crazy busy with folks looking to ptotect what they´ve got left.
As an aside, when my youngest got a great job after graduation I sent her to him after the "if I had known at your age about 401ks, investing, blah blah" speach I was very impressed at her investments which included gold! Lord, all that "raising" paid off!
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