Henry,
>NEW YORK -- Moody's Investors Service speculative-grade bond default rate in
>February rose to 6.61%, the highest since a 6.45% default rate was recorded in
>June 1992, the ratings agency said Wednesday.
I knew that someone was going to come up with something like this... What's that?
Just another junk-bond crisis, not a systemic collapse. What I want to see before
going in doomsaying mode is the spread between treasuries and AAA corps
going through the roof. (AAA corps are solid and reputable companies, the kind of
corporations which should not fail.)
Rob,
>Down to 10500 per greenback, I believe they've lost about 300 rupiah since
>yesterday, but I'm no chartwonk.
I didn't want the numbers, but an explanation for the move. If it has lost only 300,
then
it's been coming back cause it was down about 10% at some point. Something
happend apparently. Thanks anyway.
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