Friday, 3 April 2009

Obama winning hearts and minds in Europe as CDS rates on insuring aginst US default slides

Just finished watching President Obama at a Town Hall meeting in Strasburg, France in which he handled questions from a European audience in a very effective manner.
This guy is an excellent communicator and is certainly winning over hearts and minds on his first trip to Europe since becoming president.
One could more easily imagine pigs flying than George Bush being able to handle something like this.
Perhaps it's just a coincidence but the CDS rate on US sovereign debt has been falling back substantially over the last 24 hours.

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