Trading in the credit-default swap market this week shows that investors now view a default by the U.S. Treasury as more likely than a default by the Coca-Cola Company....Now the United States has taken its place next to Italy and Spain in a special club that no major country wants to join -- countries whose debt is considered less safe than that of Blue Chip businesses.from the Wall Street Journal article, "In Coke We Trust" by James Freeman.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Saturday, January 30, 2010
Markets Predict A US Bond Default More Likely Than Coca-Cola Default
Posted By Milton Recht
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