Take physic, pomp

Radio Muffin and Ecuador debt

Bizarrely I sing the praises of Bloomberg again today (wouldn’t it be nice to do this every day?), as they sum up the Ecuador debt situation and the radio address of Presiden Studmuffin very nicely with just the title line of Matthew Walter’s note:
Ecuador’s Correa Says He’ll Seek Legal Basis for Debt Default
We all know by now that Correa has a M.O. going on; just look at how he handled Carlos Slim and even brought Repsol to heel with the same tactic. If it ain’t broke, don’t fix it, right?

So read that headline again, use your brain, think about how Correa works and think about what it means. Then click on it and read the note.

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