alt Hacker NewsWhat kind of default risk?
What we got in 2008 was central banks (eg Fed and ECB) willfully collapsing nominal GDP in their economies. Have a look at the dot-com bust or Black Monday for comparison.
What kind of default risk?
What we got in 2008 was central banks (eg Fed and ECB) willfully collapsing nominal GDP in their economies. Have a look at the dot-com bust or Black Monday for comparison.
> willfully collapsing nominal GDP
What on earth are you talking about?
The credit risk was a very real problem; Kaupthing, Anglo Irish, RBS, Lehman etc.