Bloomberg article reports if agreement, debt ceiling still likely to be breached

B

billpritjr

http://www.bloomberg.com/news/2013-...senate-leaders-to-resolve-fiscal-impasse.html

Same Hurdles


....Even if there is progress today, it would be procedurally difficult to get passage in the Senate and action by the House before Oct. 17, when U.S. borrowing authority lapses. The federal government would start missing payments sometime between Oct. 22 and Oct. 31, according to the Congressional Budget Office. The Treasury has warned of serious consequences for the U.S. debt and other financial markets.

MY COMMENT: As of 4:20 PM Eastern Time 10-13-2013, no apparent agreement, just a bunch of senators sharing personal stories about shutdown affecting their districts.
 
Good quote in the article.
Question is what the market reaction will be even if we pass Oct 17. Will stocks hum along like another walk in the park with QE in the background continuing to inflate the markets?
Most fund managers think so.
 
this is (obviously) my opinion only but I believe money can be made via short side if no agreement by Oct-17.

Remember, this is not "by Close of Business on Oct-17" this is 00:01 AM on Oct-17

that is if folks subscribe to the debt ceiling theory. many republicans claim it is not "real"

We shall see....
 
You must log in or register to reply here.
Back
Top