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Defaulty Towers: How dangerous is the US Debt Ceiling?

Many Happy Returns

CHAPTER

Is There a Tail Risk?

If we knew with 100% certainty that this terrorist was going to happen, the US was going to defon this debt, all hell was going to break those in financial markets. So if you are going to do something technical, that would be the time to do it. You literally leave it till the last minute. And my last question to wrap up is let's bring it back to us as investors. Should we think about doing anything with our portfolios with this looming? Or is it just that classic idea of don't allocate based on tail risks?

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