Interesting factoid:
...credit protection on Obama’s home state of Illinois costs twice as much as protection on Russia.
Part of a longer article which almost (repeat, almost) predicts the collapse of the public-employees' pension system.
And which advocates a Works Progress Administration which will disfavor unionized public-employees (and their union cohorts in private industry) and employ the masses, instead. (!!!!!)
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3 comments:
I'm from the Chicago area. I walked back the referenced article but can't find a link there or online to the Illinois-Russia credit protection disparity.
Do you know where to get a source for this?
Thanks,
Jerome.
You could email Goldman--he's pretty good about returning emails, but a bit slowly...
OR you could call your broker. He can look up the credit-swap prices, although it might take him a while.
Thanks, Dad29. I already left a comment on the referenced article. I'll try the email bit.
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