Saturday, January 30, 2010

Markets Predict A US Bond Default More Likely Than Coca-Cola Default

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.

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