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The Debt Ceiling Approaches | Joseph Wang & Dominique Dwor-Frecaut
Forward Guidance
The Fed's Playbook From the Last Debt Ceiling
Dominique: We don't know what the Federal Reserve is going to do. The last debt ceiling prices of everything 2011 was accompanied with, you know, stock market fall and a Vix spike up as well. I think it's basically US politics becoming more polarized. So in order to bring the parties together, you need them to get scared. And right now, no one is scared because everyone is expecting that this will get resolved as usual.
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