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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (361805)3/12/2008 2:53:29 PM
From: stan_hughes  Read Replies (1) | Respond to of 436258
 
IMO the Clownbuck got officially dethroned yesterday when the cost of credit default swaps on 10-year US treasuries traded above German bunds for the first time ever

That's big money's way of saying that the US is a bigger credit risk than Germany -- the currency quote is just following the capital flows as everybody pulls out of Dodge here