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Brazil rico.USA poor. the rich and the poor.? - princesa - 10-15-2012 08:56 PM
For the first time in history, Brazil is less risk that risk EUACompartilhe: Twitter For the first time in history, investors see more risk of default of the United States of Brazil.
The Credit Default Swap (CDS) a year - an instrument of protection against the risk of a borrower fails to meet its obligations - in Brazil has been trading below the U.S..
"Though circumstantial, this is unprecedented in history or even a really unthinkable that it could occur at some point," says the director of the Department of Macroeconomic Research of Bradesco, Octavio de Barros.
On Monday, the CDS of Brazil was 41.2 basis points, while the U.S. was at 49.7 points.
"The difficulties facing the U.S. economy and tensions in Congress over the debt ceiling to be reached in July that creates uncertainty in the markets," he said Octavio de Barros.
Author: Guillermo Barros Tags: Octavio de Barros, Country Risk
- I Like Men Now - 10-15-2012 09:05 PM
Do you have a question?
- Mai - 10-15-2012 09:05 PM
It's great to see Brazil among the fastest developing countries in the world, but I hope it's not at the expense of its environment. Also, I would be interested to know what is the miminum wage- is Brazil's prosperity built on the backs of low-paid workers?
- hdean45 - 10-15-2012 09:05 PM
Would you consider trading some of your government officials for the Obama administration.