» Posted by Martin Weil on September 10, 2008

The price of credit default swaps on five-year US government debt rose to a record 17.5 basis points...

... the price suggests the market believes the US government is more likely to default on its obligations than some other industrialised countries. "The USA is now 'riskier' than Norway, Germany, Netherlands, Sweden, Finland, Austria, France, Denmark, Quebec and Japan," said Tim Backshall, chief strategist at Credit Derivatives Research.

From Infectious Greed

Previous entry: The costs of US wars in 2008 dollars
Next entry: It is now seven years

Back to Martin's View main page