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I'm going to take a wild guess and say stock market nosedive.
debt ceiling doom-mongering is nothing new.
Apocalyptic predictions are highly unlikely. Default threats and maybe market volatility might accompany this year’s negotiations. But actual default is overwhelmingly unlikely. The debt ceiling is a political construct, so politicking is to be expected.
Apocalyptic predictions are highly unlikely. Default threats and maybe market volatility might accompany this year’s negotiations. But actual default is overwhelmingly unlikely. The debt ceiling is a political construct, so politicking is to be expected.
I hope you're right. However, it does make people nervous to see that the national debt has gone from $10 trillion to almost $20 trillion in just 8 years.
I hope you're right. However, it does make people nervous to see that the national debt has gone from $10 trillion to almost $20 trillion in just 8 years.
It feels like a ticking time bomb.
It feels like a time bomb because the media hasn't shut up about it.
There is no shortage of funds. The Treasury can roll over debt principal even after hitting the ceiling, as replacing existing debt doesn’t increase the total. Interest payments are the kicker and easily covered.
More importantly, the stock market discounts all widely known information so debt and this article are nothing new.
I hope you're right. However, it does make people nervous to see that the national debt has gone from $10 trillion to almost $20 trillion in just 8 years.
It feels like a ticking time bomb.
But that debt is priced in US dollars.
The worst thing that can happen is that the US dollar gets devalued. Keep some gold in your portfolio to hedge against this and it's all good.
I hope you're right. However, it does make people nervous to see that the national debt has gone from $10 trillion to almost $20 trillion in just 8 years.
It feels like a ticking time bomb.
Raising the debt ceiling goes back way before President Obama.
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