Keyboard worrier
Showing posts with label US. Show all posts
Showing posts with label US. Show all posts

Thursday, October 10, 2013

Default Risk Zero

So the US government is having a little argument about the debt ceiling again. China and Japan have warned that a US default might be a little nasty and even the President himself has warned of financial Armageddon.

So why are the markets so sanguine? Where's the panic?

Well we all know there will be a last-minute deal, it's like those clichéd  cop dramas where you know the protagonist is in no real danger. If there was any doubt in your mind take a look at the appointment of über dove Janet Yellen to the chair of the Federal Reserve. A sure signal that they plan to print to infinity.

Back to sleep everyone, no story here.

However…


The US government have no option but default, the only question is when, but that my friend is another story.

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.