Monday, April 26, 2010

Portuguese 5-yr CDS at record high, spread wider

Portuguese 5-yr CDS at record high, spread wider
http://www.reuters.com/article/hotStocksNews/idUSLDE63P0NZ20100426
The cost of insuring Portuguese government debt against default jumped to a record high on Monday on concern that Portugal could be next to suffer a Greek- style debt crisis if no lasting solution was found for Athens.


Who would have ever thought this would happen? Sarcasm.

The sharks next victim is on deck.

It's pure Math folks, you are not creating enough new credit to sustain the system.

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