Haha, although you work in finance, you don't understand the meaning of default

送交者: SB 于 2011-02-23, 10:35:46:

Or bankruptcy. If Fannie or Freddie default, it must be US government default, given the implicit or explicit guarantee.

This not unthinkable given what happened in Argentina in 2001, GSE and country can both default, therefore investor in GSE did lose everything.

You must know that US default risk premium has risen significantly in recent months. Why? :-)

So JFF was right, even though he doesn't know finance.

投资两房债券最后一课 - Haha (2010 bytes) 2011-02-23, 12:14:31 (551395)
SB你讲得不错。你觉得US DEFAULT在今后50年会发生吗？ (无内容) - chouqilozi (0 bytes) 2011-02-23, 11:34:23 (551356)
Hara, if you work in heghe funds, you must remember during - SB (402 bytes) 2011-02-23, 11:15:25 (551337)
刘梦熊ZT - 3747 (5168 bytes) 2011-02-23, 11:00:06 (551328)
当然要相信专家的话。写那篇文章的人在日本也是投资多少年第一名在香港 - 3747 (281 bytes) 2011-02-23, 10:41:31 (551319)
One thing though, only US can print USD - Argentina can not (无内容) - meiyou (0 bytes) 2011-02-23, 10:40:22 (551318)
- Inflation is implicit default for foreign investors. Same effect. (无内容) - SB (0 bytes) 2011-02-23, 10:42:46 (551320)
  - not the same at all - default means paying nothing back, - meiyou (48 bytes) 2011-02-23, 11:22:43 (551344)
    - Same effect in real term. Super inflation can destroy a country, remember? (无内容) - SB (0 bytes) 2011-02-23, 11:28:14 (551351)