The markets are telling you that more traders are starting to see a greater risk that a default scenario could happen sooner in time than later. You cannot deny there is a pattern here.
The French produce great Camembert, but they haven't absorbed the wisdom of Spencer Johnson's modern classic, 'Who Moved My Cheese?: An Amazing Way to Deal with Change in Your Work and in Your life'.
A column really works best when you really have something to say about something. I haven't had a great original thought on this.