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US Default Risk Increases 7 Fold Over Last year

Discussion in 'The Economy' started by Chris C, 12th Mar, 2009.

  1. Chris C

    Chris C Well-Known Member

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    http://www.marketwatch.com/news/story/Cost-buy-protection-against-US/story.aspx?guid={8A08067B-E9C2-4B7F-A235-DAEFE3EA08C4}

    The market seems to be realising the real potential for the US to default on it's debts... I'm quite interested to see where the CDS rates for US default will be at when this crisis is over - I'm expecting it will be much higher than even these levels.

    What does everyone else think?