Mammon Among Friends

In Mammon Among Friends, Malcolm C. Harris, Sr. provides commentary and news about the national economy, the Wichita economy, the world of finance, and utility & postal economics. Experiences such as a utility commission staff manager, forecasting postal volumes and revenues, consulting on utility regulation, and teaching corporate finance have shaped his analysis.

Monday, June 14, 2010

Can a company be more credit-worthy than its government?

In this June 10 2010 video, the Financial Times investment editor, James Mackintosh explains that in 2008, McDonald's became more credit-worthy, according to its bonds and credit default swaps, than the US government. Back then, it was seen as an oddity but now investors are starting to sit up and pay attention.  Mackintosh explainss why the spreads don't really make sense. (3m 3sec)
Dr. Malcolm C. Harris, Sr. at 9:08 AM
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