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Illinois Leaps Ahead Of California In Default Risk, Better Than Iraq, Worse Than Portugal

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http://globaleconomicanalysis.blogspot.com/2010/06/illinois-leaps-ahead-of-california-in.html

CMA data shows Illinois and California are in the top ten list of sovereign default risks, with Illinois leapfrogging California in terms of increasing risk.

Please consider CMA Market Data as of Wednesday, 23 June 2010.

Sovereign Default Risks

default+probabilities+2010-06-23.png

Illinois is ranked a better risk than Iraq, but riskier than Portugal and California.

The countries (or states) are ranked by their cumulative probability of default (CPD), which gives the market's assessment of an issuer's likelihood of default over the life of a CDS contract.

More at the link.

No wonder the US is trying to distract attention away from it's own problems. I wonder how long before those nasty bond vigilantes start shorting US states.

It's going to end up like hunting Dodo's.

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The huge waves of boomer government workers dont' retire for a few more years either. And already states are nearing bankruptcy.

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  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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