Comments on: THE 20 RISKIEST COUNTRIES http://pragcap.com/the-20-riskiest-countries Sun, 12 Feb 2012 01:45:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: George http://pragcap.com/the-20-riskiest-countries/comment-page-1#comment-9870 George Tue, 15 Dec 2009 12:54:27 +0000 http://pragcap.com/?p=14037#comment-9870 Hadn't realised Greece was so close to Iceland. Wow. Hadn’t realised Greece was so close to Iceland. Wow.

]]> By: Petras http://pragcap.com/the-20-riskiest-countries/comment-page-1#comment-9847 Petras Mon, 14 Dec 2009 10:01:00 +0000 http://pragcap.com/?p=14037#comment-9847 Hi. Pls double check private sector credit for Lithuania - it must be wrong in the table (~70% i would guess from memory)... Hi. Pls double check private sector credit for Lithuania – it must be wrong in the table (~70% i would guess from memory)…

]]> By: George http://pragcap.com/the-20-riskiest-countries/comment-page-1#comment-9830 George Sat, 12 Dec 2009 00:30:42 +0000 http://pragcap.com/?p=14037#comment-9830 Where is California in that list? Balance budget requirement which has been ignored for years.. Increasing deficits.. Where is California in that list?

Balance budget requirement which has been ignored for years..
Increasing deficits..

]]> By: TPC http://pragcap.com/the-20-riskiest-countries/comment-page-1#comment-9808 TPC Fri, 11 Dec 2009 20:09:05 +0000 http://pragcap.com/?p=14037#comment-9808 Agree. Was very shocked not to see Japan ranked higher.... Agree. Was very shocked not to see Japan ranked higher….

]]> By: Richard Whitney http://pragcap.com/the-20-riskiest-countries/comment-page-1#comment-9807 Richard Whitney Fri, 11 Dec 2009 20:04:56 +0000 http://pragcap.com/?p=14037#comment-9807 Three comments: 1)This 'riskiest' list implies possibility of default. There are steps one can take to insure against default of, say, Latvia. In disaster recovery terms, it is like a flood or a fire, catastrophes from which recovery is painful but possible. A default by the United States is the equivalent of a comet hitting the planet. Your chances of recovery are practically nil. In disaster recovery terms, don't worry about where the back-up servers are located; all your 'best practices' just went out the window.. 2) Ireland (#11) has the GDP equivalent of Nevada. It is hard to believe that what might send Ireland over the brink might send the U.S.(#14) into default. 3)Proportional to the underlying economy, Japan needs to be on that list, along with China and the EU. Three comments:
1)This ‘riskiest’ list implies possibility of default. There are steps one can take to insure against default of, say, Latvia. In disaster recovery terms, it is like a flood or a fire, catastrophes from which recovery is painful but possible.
A default by the United States is the equivalent of a comet hitting the planet. Your chances of recovery are practically nil. In disaster recovery terms, don’t worry about where the back-up servers are located; all your ‘best practices’ just went out the window..
2) Ireland (#11) has the GDP equivalent of Nevada. It is hard to believe that what might send Ireland over the brink might send the U.S.(#14) into default.
3)Proportional to the underlying economy, Japan needs to be on that list, along with China and the EU.

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