US Treasury Default? Black Swans Part II

on Tuesday, 28 June 2011. Posted in
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The safest ever, and yet…

This is the second article regarding large unexpected or unforeseen events call Black Swans.

US debt defaultThere 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-free

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