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Matt Levine is generally great, the nickel coverage was great but if you read those posts you'll also see the sections where he keeps writing about how Russia w
by Tenoke 5y ago
Matt Levine is generally great, the nickel coverage was great but if you read those posts you'll also see the sections where he keeps writing about how Russia will default on its debts. Then when the opposite happened he didn't even comment on the conclusion of that previously important topic let alone admit there must've been faults with his analysis.
Big portions of his readers might not even learn he was wrong and this kind of blatant sweeping of wrong conclusions under the rug makes authors look much more accurate than they are.
- rollypoll 5y agoHe may still be right...
- axg11 5y agoDid Levine set a timeline for Russia defaulting on its debts?
- Tenoke 5y agoYes, last week for example here[0]. >I guess Russia is going to default on its debt >Yeah, I don’t know, I mean. If Russia doesn’t pay interest tomorrow, or pays it in rubles, will that “shut the country out of most funding markets”? >So the likely outcome is that Russia will not pay interest on those bonds, or will pay it in rubles. And then those bonds will be in default. And Russia will say “we’re not really in default; our default was caused by the mechanics of the international financial system, not by our unwillingness or inability to pay.” and so on. Except Russia paid their debts the next day and didn't default. Apparently he has actually later mentioned that they paid but mostly just as something that's confusing him why so part of my criticism was unwarranted. 0. https://www.bloomberg.com/opinion/articles/2022-03-15/amc-bought-a-gold-mine https://www.bloomberg.com/opinion/articles/2022-03-15/amc-bo...
- lokar 5y agoHe has a whole bit about MS trying to decide if they should allow the payment and then just calling the Treasury Anyway, I don't read for the predictions :)