Betting against Uncle Sam

[moh malekpour]

In debt markets, the cost of buying insurance against a U.S. default is rising.

What odds would you lay that Uncle Sam is going to be a deadbeat?

Until a few weeks ago, that sounded like a ludicrous question. And even amidst bailout insanity, the market has shown that the vast majority of investors still hold the view that U.S. Treasury bonds are the safest of safe havens, the kind of investment you'd bring into your bunker in the event of a nuclear attack.

But a few skeptics are willing to put their money where their doubts are.