Market Instability and the Government Shutdown: The Debt Ceiling “Will Get Resolved With A Big Sell-Off”

We all know how this latest installment of Beltway theater ends: the negotiations continue until the 11th hour and 59th minute or maybe just after midnight, followed by a market flush, followed by a prompt compromise which retroactively fixes everything that was wrong, and with the US debt ceiling being raised by another $1.1 trillion. … Continue reading Market Instability and the Government Shutdown: The Debt Ceiling “Will Get Resolved With A Big Sell-Off”