In May, we saw a sharp rise in credit default swaps amid fears of a US default.

11.11.2023
11.11.2023

Swaps jumped ~120% in 2 months and then fell ~70% after the debt ceiling crisis "ended."

Here is a chart of the same credit default swaps.

Swaps are up ~60% since June, even as we continue to hear that the debt ceiling crisis is over.

On Friday, Moody's downgraded its outlook for US loans from stable to negative.

This happened just a couple of months after S&P cut the US credit rating for the first time since 2011.

Deficit spending is out of control.

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