>The rapid rise in CDS clearly begins around 2000 - not the late 1970s, which are just the low point of the graph.
I don't think this is taking full account of their claim. They're saying it's a "hockey stick." If you look at the graph like that you can understand what they mean.
I don't think this is taking full account of their claim. They're saying it's a "hockey stick." If you look at the graph like that you can understand what they mean.