MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
Macro Voices
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The Future of the Equity Market
Eric Zohn: I think we're in for some volatility as the usual debt ceiling political theater leaves uncertainty in the marketplace. If we get an actual technical default on a US Treasury bill, I think it could bring a dramatic correction lower across all markets. But only until they raise the debt limit and move past the debt ceiling and forget about all this. Then once the debt ceiling extension exuberance wears off and the market realizes that nothing's actually been solved, that would be the next big leg down. That's my best guess of where we're headed.
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