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suck on that, Denmark.
The latest polls in Denmark show a socialist majority, and an election is upcoming.
The socialists base their election platform on expanding public sector spending - despite a 6% deficit.
Time to short the living fuck out of Denmark.
Yes, But Alcoas earnings are making the futures an even prettier color...green. I do like the Blue chart. It matches my car. If it weren't for that scribbling and Gibberish, this would be a very pretty chart. Rally on. The two POMO guys are on it
What is interesting, is that there is a very close correlation between financial woes and the proportion of winedrinkers in Europe and the US:
God save us from Puritans.
An interesting read..
They assign the USA with a 5 year Sovereign default risk of 3.6%.
Discription for methodology.."ratings are calculated using a proprietary model developed by CMA and input with (our in house data)".
It would be interesting to know what the track record is of the model they used to generate these numbers....
Paying your bills with Uncle Ben's funny money doesn't qualify as a default, so I think the CMA numbers are technically correct.
Found a global wine conumption map, and it also correlates with Sout America too:
Sure would be nice if CMA would indicate dealer exposures.
Go Latvia !
Argentina may have improved, but there's fuck all chance I'd invest in those serial defaulters.
I could be put a minor speculative investment into Greek debt (they're serial defaulters as well, but have the implicit backing of the ECB), however, if I could get the actual 4.9% for 6 months. I reckon the Euro zone will stay intact for at least another 6 months.
US not risky - WTF - of course they won't default but in favor of a 100% currency haircut on treasury securities
Interesting rankings. We need more reports like so all the debt goes away
This is almost comical. The only reason Venezuela and Argentina are on the list at all is not because they have any serious trouble paying their bills but rather because they institute capital controls and other things like that that delay or defer payments at the option of the government. That is very different than Greece which couldn't pay its bills if it wanted to.
Thank You ZH
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