All I can say is "What a mess". NO body knows what's going to happen next, and I mean NO body. The only thing that the serious economists seem to agree on is that we're heading into a rather deep recession.
The CDS problem is the shoe I'm waiting to hear drop and see what fallout it creates.
At least once that meets the light of day(if it ever does), we'll know the worst of what'll happen overall.
Some say that it's been obvious for some time that they'll need to be paid off and that some or most have already been taken care of. Somehow I just don't buy that myself but who knows? Oh yeah...NO body! Yet...
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