US Treasury Default? Black Swans Part IIon Tuesday, 28 June 2011. Posted in Economic Commentary
The safest ever, and yet…
This is the second article regarding large unexpected or unforeseen events call Black Swans.
There is one asset considered so safe, even the investment bible for CFA (an investment qualification for asset managers) candidates says so explicitly. “Securities issued by the US Department of Treasury…are viewed by market participants as “default risk-freeCaterer Goodman, Owen, Owen Caterer, US treasury