CDS which is proxy for soverign default risk, is shown below. As shown, Portugal has seen the biggest spike in default risk this year with a gain of 145.5%. France ranks second at 87.7%, followed by Iceland, Germany, and Australia. Surprisingly, CDS for US debt has spiked 49.4%, which is more than both Dubai and Greece.

Source: Bespok Investment

US CDS are again rising. The question will they climb back to last years high? This it can get scary.

Source: Bespok Investment

Fresbee