Five Shocking Debt-Limit Scenarios
By Martin D. Weiss, PhD Weiss Research If you’re worried about government shutdowns created by warring politicians in Washington … wait till you see the consequences of a true shutdown forced upon us by bond investors all over the world. Despite the intense pain and embarrassment, born-in-Washington, garden-variety government shutdowns are temporary. They disappear just as soon as enough people on either side of the aisle come to their senses. By contrast, even with herculean efforts and massive policy shifts to appease foreign investors, true shutdowns are more difficult to end and far harder to recover from. In a...
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