Reported 1 day ago
Ken Griffin, CEO and founder of Citadel, expressed astonishment at the rising prices of credit default swaps (CDS) for U.S. default insurance, which are approaching levels seen in some European countries. He highlighted concerns over the U.S. fiscal deficit while pointing out that it is 'unfathomable' to see U.S. risk costs exceed those of nations like Spain and Germany, emphasizing the need for better fiscal responsibility as the CDS spreads widen.
Source: YAHOO