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Could the stock market tank if a debt deal isn't done by the deadline?
Posted on 10/9/13 at 12:26 pm
Posted on 10/9/13 at 12:26 pm
If neither side blinks and somehow a deal isn't done on time, what are the broader ramifications of that? Will the markets tank? Could we go into another recession? Could it affect the global economy?
3
Posted on 10/9/13 at 12:59 pm to hikingfan
Could it? Of course.
Will it? Only if the petulant child instructs the Secretary of the Treasury to NOT service US debt with existing revenues.
Will it? Only if the petulant child instructs the Secretary of the Treasury to NOT service US debt with existing revenues.
Posted on 10/9/13 at 1:05 pm to hikingfan
Market is up now that Moody's has come out and said that the US will not default on creditors and our rating will not be downgraded.
Posted on 10/9/13 at 1:18 pm to hikingfan
quote:I sure hope so. I'm getting tired of holding all this cash in my brokerage accounts.
Could the stock market tank if a debt deal isn't done by the deadline?
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