View Single Post
  #399  
Old 12.10.2008, 22:51
ticino's Avatar
ticino ticino is offline
Forum Veteran
 
Join Date: Mar 2008
Location: Zurich
Posts: 860
Groaned at 36 Times in 25 Posts
Thanked 390 Times in 222 Posts
ticino has earned some respectticino has earned some respect
Re: How Safe is UBS

Quote:
View Post
Well some national governments. To be fair, I think there's a difference between the government of a country of 300 thousand people and a country of 300 million people. At least that's what the strength of the USD and the yields on US treasury bonds are telling you.
Recently read an analysis by a German economics professor who assumed that in a worst case scenario the US could choose to default on all treasuries held by foreigners. In the end, the rest of the world could not do much except for confiscating assets held by US companies or declaring war.
Reply With Quote