Tuesday, November 29, 2011

Going broke, the odds are in, take two


The financial markets gives us again the probabilities on countries defaulting.  The top 10 current candidates are (the numbers from three weeks ago in parenthesis):
  1. Greece
    92.93 (1: 86.58%)
  2. Portugal
    60.50% (2: 58.79%)
  3. Argentina
    54.47% (6: 46.48%)
  4. Pakistan
    54.38% (4: 48.55%)
  5. Venezuela
    53.12% (3: 50.46%)
  6. Ukraine
    46.95% (7: 41.00%)
  7. Ireland
    46.79% (5: 46.79%)
  8. Italy
    37.63% (8: 38.82%)
  9. Hungary
    35.99% (9: 31.06%)
  10. Spain
    33.64% (10: 29.16%)
The PIIGS are all in the top 10.  Otherwise it would be disappointing.   To people who love to be at the top of lists.  The presence on this one is no reason for pride.  The company neither.

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