Earlier today on The Call @ HedgeyeKeith McCullough and Josh Steiner discussed Moody's downgrade of U.S. debt, increasing credit default swap (CDS) rates for the U.S. government and concerning trends in bank lending data.

"We downgraded the U.S. debt a long time ago,” McCullough explains. “When Moody's even has to do it, it's pretty obvious, even the government should figure it out." 

Watch the full clip above. 

McCullough: ‘We Downgraded US Debt A Long Time Ago’ - Call Banner