Credit Default Swaps on the United States government have spiked immensely in the past few months. Seemingly there are a lot of people out there holding the belief that we will default sometime sooner rather than later.
In other news:
Bonds and Credit Default Swaps explained:
http://richnewman.wordpress.com/2007/12/09/a-beginners-guide-to-credit-default-swaps/
Pretty good stuff to know
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