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 		Could sovereign debt be the new subprime?
A few weeks ago, Claudio Borio, head of research at the Bank for International Settlements, warned in a solemn note to Group of 20 leaders that modern financial policymakers are “driving while just looking in the rear-view mirror”: western finance officials have focused so much on past risks that they fail to spot new dangers.
Submitted by
tschuma417
11/23/2009
HyperLink play it email it
tschuma417
11/23/2009
tschuma417 is playing it
IGOVShort6.35%
ISHGShort7.56%
WIPLong6.64%
I am playing this headline with (IGOV ISHG WIP) because That does not necessarily mean an outright default looms any time soon; indeed, default seems highly unlikely. However, it is easy to imagine that some countries will end up eroding the value of their bonds by debasing their currencies in the coming years, printing money and stoking inflation.
 
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