Tuesday, July 10, 2007

Graham Turner of GFC Economics has ranked global currencies in terms of their creditworthiness, using 11 factors such as the current account deficit and the ratio of exports to short-term debt.

On borrowed time: markets stare into abyss

Bonds are meant to be safe, predictable and boring. Yet the earthquake in the debt markets which has sent bond yields shooting up over the past month will be felt around the world, from Britain's teetering housing market to the pockets of private equity barons. Cut-price borrowing has fuelled a multitude of booms; and as the price of debt rises, investors everywhere are vulnerable.

Posted by chris @ 06:07 AM (1187 views)
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