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Inside Camp Kotok | David Kotok on “Disastrous and Debilitating” Effect Of Debt Ceiling on Bond Markets
Forward Guidance
The Costs of the Debt Ceiling Debt Debacle
Everything that happens now is drives response. That has added another dimension. Response can't be always thoughtful, accurate and comprehensive in 11 milliseconds. The costs of the debt ceiling crisis are 4, 5, 6, 7 or 10 times the estimates used to create it. We saved nothing. What we did is we imposed a burden on the entire economy in the United States.
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