Good to see that Venezuela is a winner at SOMETHING..

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Good to see that Venezuela is a winner at SOMETHING..

posted on May 13, 2010 09:34PM

Yup..It don't get no better'n this! Perhaps Venezuela will go bankrupt before KRY. Would that be less or more worse?

Stat of the Day: California now in top ten for highest government default probabilities in the world
Posted by Edward Harrison on 12 May 2010 at 4:16 pm

With the liquidity crisis surrounding the rollover of Greek debt subsiding, the probability of default for that country has plummeted from nearly even odds to just over one in three.

Last Week’s Numbers: 06 May 2010

Meanwhile, other state and national governments are showing continued stress. Venezuela tops the list with a CDS spread of 1049 and a risk of default now over 50%. Argentina and Pakistan are also now ahead of Greece which is now only the 4th most likely government in the world to default.

Most recent numbers: 11 May 2010

The usual suspects are on the list including Dubai, Ukraine and Latvia. The one thing to notice is that California has now cracked the top ten with a 20% default probability. For California muni bond holders, this number bears watching.