No Sovereign Debt is Safe

Posted by Ian Cooper - Monday, January 10th, 2011

From Business Insider:

"Citigroup economists have brought into question what is assumed to be the world's risk free asset, sovereign debt.

And while the world was already worried about the stability of the eurozone's fringe, Citi also rings the alarm bells over what are supposed to be safe sovereigns: the U.S., Japan, and UK.

While many investors and market commentators have seen this coming, for a major investment bank to tackle the issue and in harsh terms break down the difficulties facing several states, is a sign the situation may be deteriorating further."

Read more here.

 

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