Is A Donald Trump Presidency A Sign Of An Impending US Bankruptcy?

Trump’s Election Should Cause US CDS Spreads to Spike, and for Good Reason

 by Reggie Middleton

Exceprted from the NY Times and a Google search.

‘Nuff said!

The comments are ridiculous. I haven’t read one that even addresses the point of the post. All you who are concerned about the massive US debt load should abhor what Trump said. Think scienter. Knowingly entering into a debt agreement with the premeditated intent to default. If this is ever done, CDS spike and our borrowing costs go from one of the lowest in the developed world to one of the highest, overnight.

You can’t have it both ways… If you have a problem with US debt levels, then you can’t condone a presidential candidate who is guaranteed to spike our debt service. Even if he pays back 90 cents on the dollar, spreads will eat that savings up in a heartbeat. Think math, not Trump Kool-aid love.


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