Saturday, June 26, 2010

Greek Crisis Update

I go on vacation for a couple weeks and things change quickly in Greece.

Greek bond rates shoot past 10% almost to 11%.  CMA datavision now shows a probability of default of 68% (highest in the world), up from 34% a month and a half ago.

Interesting note - California and Illinois probabilities of default have shot up considerably recently as well.

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