A Coming US Default?
The David McWilliams Podcast
00:00
The Risk of Default in the United States
Financial markets are looking at a default in the United States. There is this strange outside chance, maybe 15, 20%, and there's a huge movement in financial markets to bet on that. The whole hedge fund short sellers who are queuing up now betting on they're shorting the country. What they're basically saying is that in the event of a US manufactured default, everything will fall in value because it's a crisis.
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