You thought my last piece on "Bond Vigilantes" was a joke, didn't you? NOPE. On Zerohedge today: The Bond Vigilantes Are Here: US Net Notional CDS Outstanding Surpasses Greece For The First Time As the first chart below shows [follow the link to see the charts and the article], of the Top 25 CDS outstanding [...]
Presented without comment, as none is necessary (props to Zerohedge). Click on the image for a full size view:
Props to Zerohedge (the best English-language financial news aggregation service in existence anywhere) for the heads up. ...the major factor driving credit quality is the relatively high level of debt and the difficulty in significantly cutting spending. We are taking a negative action not based on the delay in raising the debt ceiling but rather [...]
From "The Hill": The Senate on Thursday will resume consideration of S. 679, a bill to streamline the presidential appointment process, and is expected to vote around noon on amendments offered by Sens. David Vitter (R-La.) and Jim DeMint (R-SC). Vitter's amendment would end the ability of the White House to appoint policy "czars," and [...]
