The US CDS and the Liquid Environment

The S&P 500 has dropped 20% since 2011 debt ceiling showdown. The equity market is ignoring the CDS and some of the other indicators we're having the same thing actually happened going into the COVID crash. I think that's something to be worry of worry of later this spring or early summer exactly when it hits will see but essentially that you know the ongoing liquidity is still decent at this time but it points towards a liquidity train wreck going forward, he says.