Just what will happen on Oct 17th when the U.S. runs out of money to pay its bills and obligations? The can will likely be kicked-down-the-road again, but to what gain or loss?
I'm certainly not smart enough to figure this one out. One thing for sure, this is an economic abyse that we all are now witnessing.
Not a fan of Keynesian economics of QE. It has proven to work in modest recessions, but in nothing like this. And how will market prices be impacted. Some may soar? Some may plunge?
The can will likely be kicked down the road again with an ongoing extension of the U.S. debt ceiling but (IMO) just into a deepening economic trough that even Peter can no longer pay Paul.
I'm certainly not smart enough to figure this one out. One thing for sure, this is an economic abyse that we all are now witnessing.
Not a fan of Keynesian economics of QE. It has proven to work in modest recessions, but in nothing like this. And how will market prices be impacted. Some may soar? Some may plunge?
The can will likely be kicked down the road again with an ongoing extension of the U.S. debt ceiling but (IMO) just into a deepening economic trough that even Peter can no longer pay Paul.