Lots of pooh-poohing of the implications of a debt-ceiling crisis. It’s instructive to examine what happened to equity markets when we last came close to a breach, but the Government didn’t actually default.
Monthly Archives: October 2013
Debt Ceiling Watch (II): October 2
From Alec Phillips/Goldman Sachs today (not online):
…the Treasury bill market is clearly indicating concern about upcoming debt ceiling deadlines …
Policy Uncertainty: October 1, 2013
A snapshot for those who argue that policy uncertainty is slowing down the economy.