The US Credit Default Swap rate has just recently gone parabolic … reaching levels that far exceed those going all the way back to before the great financial crisis of 2008 … so what does this mean? …

The soaring US CDS rate implies that the risk for a US Govt. debt default is the highest it’s been in a long time … maybe this time it’s partly because of the extremely polarized political environment in the US that may make it more difficult than usual to reach a deal on the debt ceiling quickly …..

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