The Making of a Credit “Event”
Addison Wiggin / May 28, 2025
When DOGE can identify hundreds of billions of dollars in waste, fraud and abuses… and… the budget deficit grows?
Well, investors get uppity.
That’s why the global bond market is sending yields soaring.
Another danger? Credit default risks are on the rise in the U.S. – their highest level in over a year.
We may not be at a crisis point yet – but the trend is clear.
Credit markets continue to flash warning signals while investors have a “risk-on” approach to assets. That game of musical chairs won’t end happy for them.
~ Addison
P.S. We’ve recently released new research on today’s markets, and how President Trump is following through on a Great Reset of the U.S. economy. This first phase isn’t pretty – we call it the Great Fire – of which today’s rising credit risks are certainly a part. Click here for more details on how it could play out.
Plus, for our members, we’ll have our weekly Grey Swan Live! video tomorrow. Andrew Packer will be joining us from Las Vegas, where he’s attending Bitcoin 2025. We’ll talk all things bitcoin – and there have been plenty of developments so far already.
As always, your reader feedback is welcome: feedback@greyswanfraternity.