Friday, August 7, 2015

Which Countries Are Most Likely to Default on Their Debts

Here's a nifty "default" map supplied by Tyler Durden over at Zero Hedge via The Bank of America. I find stuff like this fascinating. We've been hearing a lot about Greece lately, but it looks like Venezuela has out paced them by several orders of magnitude and yet we've heard little about their economic troubles. I was also surprised by the placements of the US, Russia and China. Apparently, even though the US has maxed out the credit cards, we still have a very valuable line of credit available from somewhere. We are the 4th least likely to default. This means that someone somewhere believes that we will at least keep up with the interest payments. We are apparently good slaves. Only Germany, Switzerland and Sweden have better rankings. Meanwhile, Russia is the 7th most likely to default. China is firmly toward the middle of the list.

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