Russia Beats California as Default Swaps Favor BRICs

[GeezerMan]

No matter where you stand on credit default swaps, it's interesting to see that they think emerging markets are safer than developed nations

?Now it?s clear emerging economies are going to outperform the Group of Seven in growth, and that makes investors comfortable with the idea that developing countries can be priced richer than developed.?

Russia has an ?extremely low? debt-to-GDP ratio of about 10 percent which is attractive to ?any type of bond investor,?



Link

 

[Dari]

Stupid Californians. They want great services and low taxes. Next time, let the politicians do their job rather than holding stupid referendums all the fucking time. I'm not saying other states are better, but direct democracy doesn't work.

 

[Double Trouble]

The people just need to get rid of the idiot politicians who want to spend spend spend. Now they are essentially bankrupt thanks to the insane spending levels.....

 

[Drift3r]

Well according to this article California has 32% of all welfare cases even though we have 12% of the nations population. I was god damn surprised by this stat to say the least and I can see why our state is bleeding out wasted tax dollars.

http://www.sfgate.com/cgi-bin/...9/08/01/MN141928G9.DTL

Still, the state has more people on welfare than anywhere else in the nation. Thirty-two percent of people receiving welfare in the United States are in California, according to the U.S. Department of Health and Human Services.

 

[Suspicious-Teach8788]

Originally posted by: Drift3r
Well according to this article California has 32% of all welfare cases even though we have 12% of the nations population. I was god damn surprised by this stat to say the least and I can see why our state is bleeding out wasted tax dollars.

http://www.sfgate.com/cgi-bin/...9/08/01/MN141928G9.DTL

Still, the state has more people on welfare than anywhere else in the nation. Thirty-two percent of people receiving welfare in the United States are in California, according to the U.S. Department of Health and Human Services.

That and we vote on really stupid things like Prop 1A when we have no money =[

 

[bamacre]

Originally posted by: Drift3r
Well according to this article California has 32% of all welfare cases even though we have 12% of the nations population. I was god damn surprised by this stat to say the least and I can see why our state is bleeding out wasted tax dollars.

http://www.sfgate.com/cgi-bin/...9/08/01/MN141928G9.DTL

Still, the state has more people on welfare than anywhere else in the nation. Thirty-two percent of people receiving welfare in the United States are in California, according to the U.S. Department of Health and Human Services.

When gov't attempts to give people everything, the people will end up with nothing.