CDS are a mess

You saw my comments in the last post on the damage Europe has done in making a mockery of the sovereign CDS market. The Italy situation is worse because of this. Below is a video clip from Monday night of the Lang & O’Leary Exchange, a well-regarded business show in Canada. I am on near the tail end of the show talking about Credit Default Swaps.

Catch my commentary after the 47th minute. Hopefully, I wasn’t too apocalyptic but I am definitely concerned. 100%.

(click on picture for link)

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