ironic situation: Russia Beats California as Default Swaps Favor BRICs

[Drey]

kto bi mog podumat' :)

Eleven years after Russia defaulted, investors want less to insure its debt than California’s

here is the article from Bloomberg news

http://www.bloomberg.com/apps/news?pid=20601109&sid=aypQny1ySDjU

[Nucking Futs]

So, is that good or bad?

[Drey]

So, is that good or bad?

i just think its amazing, given that some keep saying CA is the worlds 5th biggest economy, that is equal to France or Italy

[Nucking Futs]

i just think its amazing, given that some keep saying CA is the worlds 5th biggest economy, that is equal to France or Italy

Yep, that sounds about right. The only difference between CA and France or Italy is that CA can't print its own money when the magic fund well goes dry.