Defaulty Towers: How dangerous is the US Debt Ceiling?
Many Happy Returns
Debt Ceiling, Fed Hike and Tape Tantrum - Is That Really the Case?
Coming close to hitting the debt ceiling is one of those rare situations where the price of stocks and treasury bonds fall together. There is a third case, which is when the Fed raises interest rates, that knocks bonds as well as equity. The UK can't really criticize them as a country which still has a moron premium on our government debt,. We've beaten them over the last few years.
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