Credit Default Swaps PIIGS vs CINN Group (California, Illinois, New York, New Jersey)

In response to European Sovereign Debt Crisis in Pictures; PIIGS Spreads to Germany at or Near Record Levels I received this chart from Chris Puplava at Financial Sense.



click on chart for sharper image

Chris writes "In addition to foreign credit risk (Greece, PIIGS), I’m seeing my CINN STATE (CA, IL, NY, NJ) Credit Default Swap (CDS) composite moving higher again."

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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