Even After Earthquake, Chilean Debt Safer than UK Debt

Just how much debt-fuelled danger is Gordon risking with the UK economy?  A reasonable question and the only place we can get hope to get objective answers is from the debt default insurance market place.  Harriet claimed at PMQs yesterday that it is unpatriotic to ask questions about the British economy.  As an Irishman that doesn’t apply to Guido.

Chile has just had an 8.8 on the richter scale earthquake, looting and rioting are commonplace.  Even so, U.S. investors still prefer Chilean government debt to UK government debt as measured by CDS rates.  Do you get how bad things are?

Data source : Morgan Stanley


Seen Elsewhere



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Lucy Allan explains her positive comments about the Brexit Party…

“If EU elections are held, Leave supporting voters will want to vote for Leave supporting candidates… Usual party loyalties will be eclipsed by the Leave v Remain divide. It’s good to see strong candidates in the Leave camp. However, I sincerely hope we leave the EU before these elections are held so that we can move on and not waste time and money on unnecessary EU elections.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Scruton’s Greatness Scruton’s Greatness