I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
Credit Default Swap is nothing more than the ability of the investor (s) to switch to a different bond with higher interest or with an attribute that benefits the investor(s)...In other words the investors are worried or betting that Greece will not be able to pay and are asking for higher interest rates which means that greece will have to pay more money for borrowing money to cover its deficit which it is estimated to reach 120 of the GDP ... In other words investors do not think Greece will be able to pay and are asking for more money just to cover their @$$ I mean investment ...
Credit Default Swap is nothing more than the ability of the investor (s) to switch to a different bond with higher interest or with an attribute that benefits the investor(s)...In other words the investors are worried or betting that Greece will not be able to pay and are asking for higher interest rates which means that greece will have to pay more money for borrowing money to cover its deficit which it is estimated to reach 120 of the GDP ... In other words investors do not think Greece will be able to pay and are asking for more money just to cover their @$$ I mean investment ...
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