Rants & Ramblings

random commentary about culture, media, politics, technology and whatnot.

jul
08
2011

Got Government Default Jitters? | NPR

Remember credit-default swaps and the financial crisis? They exist for U.S. government debt, too — and they’re spiking as investors get more nervous. “As the debt-ceiling deadline draws closer, economists fear panic could start to set in. If the United States were to default on any of its debt, interest rates on U.S. Treasury securities could shoot up. So far, that has not happened; calm has prevailed. But in another area — credit default swaps — signs of jitters are growing.”