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Archive for August 17th, 2011

The National Debt “Death Spiral”

Wednesday August 17th, 2011   •   Posted by Craig Eyermann at 6:20am PDT   •   12 Comments

A Credit Default Swap (CDS) is a special kind of insurance policy that can be purchased by individuals or institutions that invest in debt securities to protect themselves from losses if the issuer of the debt chooses to default on their obligations. The annual cost of this special kind of insurance policy is called…
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