World CDS exposure is now over $1.1 Quadrillion or 20 X World GDP
This may seem unbelievable but incredibly its reality.
http://www.ronpaulforums.com/showthread.php?p=1820109
Companies and whole countries with large CDS exposure:
http://paul.kedrosky.com/archives/2008/11/04/top_20_cds_by_n.html
TED spread has been on a rising trend for the past month, currently 2.175, which remains very high and indicating severely restricted credit availability.
Click on the chart for one month and the uptrend and persistent high level on TED is immediately [...]



