Thursday, August 4, 2011
Chart O' The Day, 4 August: Sovereign Credit Default Swaps Pricing
Please note that not only are these predatory bets against the ability of a nation to pay its debts still taking place, the prices are still rather favorable. To pay a mere 360,000 USD against 10,000,000 in Italian debt is still an attractive investment.
In other words, Wall Street is still destroying nations for profit.
Posted by Dave Fryett at 7:24 PM