Latest In

News

Credit Suisse Declares the U.S. a Riskier Investment Than Indonesia

Amid fears that Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a report

Jul 31, 20206 Shares3099 Views
Amid fearsthat Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a reportidentifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list was the United States, based primarily on its 2009 budget deficits and government debt.
Countries ranked less likely to default include corruptocracy Kazakhstan, less-than-reform-mindedIndonesia, the debt-riddenPhilippines and violence-riddenColombia. By comparison, U.S. Treasuries prices are up todaydespite a new issuance this week.
Daisy-Mae Schmitt

Daisy-Mae Schmitt

Reviewer
Daisy-Mae is obsessed with inventing new ways to create awesome content that's absurdly useful and successful, with over ten years of editorial and inbound marketing experience. She also serves as a reporter, strategist, interviewer, mentor, and therapist for in-house contributors and clients.
Latest Articles
Popular Articles