1. Global markets will see the U.S. government as grossly and dangerously incompetent.2. Forced spending cuts will kill the economic recovery.3. The U.S. government might actually default on its debts.4. A default could trigger a global crash.5. The government’s fiscal problems will only get worse.
Wednesday, October 16, 2013
From Bloomberg: Five Reasons to Fear the Debt Ceiling
A quick primer:
