Subject: RE: National Debt to Cross $10 Trillion Very SoonMay be a sign of the times but the price for "Credit Default Swaps" on Treasury Debt has tripled in price since the beginning of the year. (Due to higher demand) Many folks would say this is the biggest joke taking out 'Default Insurance' on 'National Debt Instruments' but in the end, increased demand is just a measure of the sour outlook that more and more folks are having. (Obviously, some are betting that the Fed will default)
As a balance, Moody's did recently re-affirm the US Treasury's AAA Rating. |