Country risk default rises accross the board… Thailand included

Here is an interesting chart (Bespoke Investment Group). It shows the cost to insure against government default through sovereign CDS (credit default swap) prices for 38 countries, on december, november and start of the year for comparison.

It goes up… almost everywhere.

Argentina, Venezuela, and Iceland have the highest default risk, with Russia not far behind. Germany, Japan, and France all have lower default risk than the US at the moment.

Thailand is in the middle.

d211 d221

3 Responses to “Country risk default rises accross the board… Thailand included”


  1. 1 fall 6 December 2008 at 2:52 am

    I thought Argentina defaulted on IMF loan the last time (10 yrs ago)? Why the hell would anyone want to lend to them, NOW?

  2. 2 Bob 6 December 2008 at 7:36 am

    How are smaller currencies like Denmark are Sweden doing?

  3. 3 James 6 December 2008 at 9:48 pm

    Wow, thanks for this, great info!


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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.


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