The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Thursday, November 17, 2011
Chart of the Day: France ‘Riskier’ than the Philippines, ASEAN
Insuring 5-year debt against default or credit risk as measured by CDS prices has been more expensive for France than ASEAN countries such as Indonesia, the Philippines and Thailand, according to the Daily Reckoning
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