Moody’s Quietly On The Lookout For Civil War And Signs Of Social Collapse

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In recent months, some of the brightest minds at Moody’s rating agency have been mulling a fascinating question: should they introduce a formal rating of “social cohesion” into sovereign debt indices, when they judge whether a government is likely to default on its debt – or not?

So far, neither Moody’s nor any other agency has actually done this, after all it is pretty hard to feed a specific “cohesion” number into any model.