Debt ceiling showdown approaches 11th hour
Capital Ideas Podcast
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The Debt Limit Dilemma
Investors should consider the default in the proper context, says Tom Hollenberg. The probability of even a technical default is probably somewhere between 5% and 10%. It would be hard to imagine that the US sovereign rating would not be downgraded at least one or two notches by those agencies post-default after making investors whole.
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