U.S. debt ceiling

U.S. Debt Deal Still Eluding

October 14, 2013

Three markets are on holiday today, dampening activity. U.S.: Columbus Day (partial closure). Japan: Health Sports Day Canada: Thanksgiving A deal to extend the $16.7 trillion U.S. debt ceiling and avert a default was not finalized over the weekend despite promising signs on Thursday-Friday.  The government partial shutdown has begun a third week.  Debt ceiling […] More

How Will Markets React if the United States Government Defaults?

July 25, 2011

Nobody really knows the answer to the above question with certainty.  It’s a mystery. Governments that defaulted in the past have been punished but not with equal severity, and a U.S. default would contain many unique elements.  The United States is the world’s biggest economy.  The dollar dominates reserve asset portfolios and has no serious […] More