IKN

a plague o both your houses

Mo’ Ecuador: Bonds and Visits

Raul suddenly realizes that his guest has not yet arrived

Two shots from Ecuador:

1) Studmuffin lands in Cuba today on an official visit to shake hands with at least one Castro and possibly two. The visit is by personal invitation of Raul, with The Muffin due to be handsome and dashing at scientific and social displays. Mojitos served.

2) According to Reuters this morning (Spanish language link), Ecuador’s plans to buy back the defaulted debt include setting aside U$900m for the job. FWIW, this implies a 28.15c on the dollar average pricing, so we’re starting to get the target in sight now. Still all deathly quiet amongst the vulture funds. Methink they be biding their time. In fact, meknows it.

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