"Homeland Security " will come in handy when americans take to the streets ... when the "mighty dollar" will not even buy chicklets on the streets of Mexico City!
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Riskiest U.S. debt posts double-digit losses
NEW YORK (Reuters) - Rising interest rates, troubles in the auto industry and a slowing economy are taking a toll on the riskiest parts of the U.S. debt market this year, hitting "distressed debt" investors with double-digit losses.
The poor performance of distressed debt could make it harder for the riskiest companies to refinance debt coming due, raising default risks.
http://www.reuters.com/newsArticle.jhtml?t...storyID=8505772
Full Version: More signs of the imminent economic collapse
QUOTE (OsManli @ May 19 2005, 07:45 PM)
"Homeland Security " will come in handy when americans take to the streets ... when the "mighty dollar" will not even buy chicklets on the streets of Mexico City!
*********************
Riskiest U.S. debt posts double-digit losses
NEW YORK (Reuters) - Rising interest rates, troubles in the auto industry and a slowing economy are taking a toll on the riskiest parts of the U.S. debt market this year, hitting "distressed debt" investors with double-digit losses.
The poor performance of distressed debt could make it harder for the riskiest companies to refinance debt coming due, raising default risks.
http://www.reuters.com/newsArticle.jhtml?t...storyID=8505772
*********************
Riskiest U.S. debt posts double-digit losses
NEW YORK (Reuters) - Rising interest rates, troubles in the auto industry and a slowing economy are taking a toll on the riskiest parts of the U.S. debt market this year, hitting "distressed debt" investors with double-digit losses.
The poor performance of distressed debt could make it harder for the riskiest companies to refinance debt coming due, raising default risks.
http://www.reuters.com/newsArticle.jhtml?t...storyID=8505772
Its sometimes better for distressed debt to go bad and usually those who invest in it have the money to loose. And not that big of a factor in the value of the dollar. Where do you live? MARK
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