The Ireland Problem

Credit default swaps are somwhere between magic eight balls and weekend football betting lines in terms of predictive accuracy, but there is no denying that they are currently auguring a bad credit fortnight for Ireland. The CDS spreads have widened out to 327.5 bps, up 20% in the last day, and Irish spreads had already climbed steeply so far this year. 


Related posts:

  1. Links: Ireland as Hedge Fund, College Troubles, TED, etc.
  2. Subprime Delinquency Rates by Year
  3. Exchange Rate Update
  4. China Has a Worse Mortgage Problem Than the U.S.
  5. Goldman Sachs’ Denial Problem: "Still Untrue"


  1. Diandra says:

    Now I know who the birnay one is, I’ll keep looking for your posts.