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What an actual sovreign default looks like

sounds like.  feels like.  acts like.  they're called "Prime Ministers" and "Generals" and "Admirals" and "Senators" and "Congressmen" and "Presidents."  Read your history some time.  If you haven't heard of them before you're about to hear from them now.   And what happened to Karen Moscow?  She better be back at Bloomberg tomorrow or else.

Disclosure: I am long GVT.

Additional disclosure: big. and getting bigger.