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Any impact on stock market if nothing is concluded by 31/12 ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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30-12-2012, 10:00 PM
(This post was last modified: 30-12-2012, 10:01 PM by Stockerman.)
This was what happened back in July 2011 during the "debt ceiling crisis"...
This time around, it would bring even greater reaction to the stock market given that the Democrats and Republicans still cannot get their acts together.. so much for political brinkmanship
http://www.huffingtonpost.com/2011/07/25...08351.html
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Asian markets seemed to react a positive outcome of this Fiscal cliff in past trading days.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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30-12-2012, 10:16 PM
(This post was last modified: 30-12-2012, 10:17 PM by Stockerman.)
http://www.cfr.org/international-finance...ces/p24751
The stock market also was thrown into frenzy in the lead-up to and aftermath of the 2011 debt limit debate, with the Dow Jones Industrial Average plunging roughly 2,000 points from the final days of July through the first days of August. Indeed, the Dow recorded one of its worst single-day drops in history on August 8, the day after the S&P downgrade, tumbling 635 points.
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A deal will be strike, unless they are all out of their mind..
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What's the big deal? Just raise the debt ceiling.
Europe down.
Japan down.
Where is the safe haven?
US dollar!
10 years treasury interest rate 1.71%
30 years treasury interest rate 2.88%
Just like Singaporeans getting low interest loans to buy houses, you can't blame US from borrowing more if the rest of the countries are willing to lend.