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Title: Cost of insuring Japanese government debt jumps
Source:
Guardian
URL Source: http://www.guardian.co.uk/business/ ... t-insuring-japanese-debt-jumps
Published: Mar 15, 2011
Author: Guardian UK
Post Date: 2011-03-15 09:18:43 by go65
Keywords: None
Views: 1492
Comments: 7
The cost of insuring Japanese government debt against default spiked on Tuesday as world stock markets tumbled. Investors have calculated that the chance of a Japanese default has risen significantly since Friday's earthquake. As Japan battled to prevent a major nuclear crisis, the country's five-year credit default swap rose 28 basis points to 122bp. That means it would cost $122,000 to insure $10m of Japanese debt against default. "Risk aversion is dominant this morning as the disaster in Japan has taken on a whole new dimension," said Gavan Nolan of Markit, which provided the CDS data. "Further explosions at the Fukushima nuclear plant have raised the real prospect of widespread radioactive contamination."
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#1. To: go65 (#0)
Post Tue Mar 15, 2011 8:22 am by mcgowanjm Let me repeat that: Tokyo is evacuating now.
And yet another challenge, the Japanese government already has an outstanding debt equal to 192% of GDP (2nd highest in the world) and thus will find great difficulty raising cash for clean-up/reconstruction efforts unless it can find someone to lend it the money (or simply default on current debt, most of which is held by Japanese banks, corporations, and citizens).
Since January 3, 2011, Republicans have controlled the power of the purse.
We're so far past this. Tokyo will be abandoned. "Quoting the best Dirty Fuckin Hippy sites now: The one's who've been right from the start. But punished from the beginning. Welcome to Planet Hell. And the Gods running this place are not the good ones. Elaine Supkis wrote:Like a religious mantra, they keep bleating, ‘But these massive explosions didn’t disturb the container units!’ Na Mu Myo Ho Ren Ge Kyo chant the Japanese corporation who runs this catastrophic nuclear power plant. Seriously, no one has any idea what is really going on inside of the belly of these Japanese youkai death machines!
BWAHAHAHA Bloomberg scroll: S&P needs more information to assess Japan quake. New News S&P, you ain't getting it. Like the Pink Floyd, Dark Side of the Moon, no one's taking your calls. 8D
. Yeah, who knew that a 9.0 EARTHQUAKE, followed by tsunamis that swept inland as far as six miles, which destroyed about 8% of the Japanese industrial base, that caused untold BILLIONS of Dollars in damage which has KILLED INJURED AND CAUSED TO GO MISSING TENS OF THOUSANDS OF INNOCENT JAPANESE, which has displaced MILLIONS of Japanese. Which has damaged six nuclear reactors would cause a "challenge" for the Japanese? That's just a plumb F ing shock and surprise isn't it? /S They should give up and sit real still until the messiah "king" obammy and his whores come out from hiding beneath their desks and "SAVES" them eh? /S Yep Japan is doomed, DOOMED I says. /S Spit ... YOUR weakness is showing goat. Chicken Little call home.
Living in mouth breather's empty noggins 24/7/365 totally rent free!
Psst; Hippie was mis-spelled. Let the dumb conserva-nutzies use the 'y'. I've been a Dead Head and Eugene, OR resident too long. I wince when I see that mis- spelling. ;-D
8D Grammar/Syntax/Spelling are not my strong suits. 8D Thanx “That would be like Chernobyl on steroids,” said Arnie Gundersen, a nuclear engineer at Fairewinds Associates and a member of the public oversight panel for the Vermont Yankee nuclear plant, which is identical to the Fukushima Daiichi unit 1.
#2. To: rudgear, a k a stone, ferret mike, mad dog, godwinson, mcgowanjm, skip intro, rek (#0)
(Edited)
#3. To: go65 (#2)
#4. To: All (#3)
#5. To: go65 (#2)
#6. To: mcgowanjm (#3)
#7. To: Ferret Mike (#6)
Psst; Hippie was mis-spelled. Let the dumb conserva-nutzies use the 'y'. I've been a Dead Head and Eugene, OR resident too long. I wince when I see that mis- spelling. ;-D
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