Although the sigh of relief that the nation wasn’t going to default today was worth a short bounce, the outlook for additional stock market gains seems bleak. The agreement to open the federal government and raise the debt ceiling temporarily is a Band-Aid rather than a solution, and merely sets up the prospect of another confrontation within a short time. Meanwhile, an economy that was already sputtering before the negotiations even started has now undergone further significant damage. ...
Although the sigh of relief that the nation wasn’t going to default today was worth a short bounce, the outlook for additional stock market gains seems bleak. The agreement to open the federal government and raise the debt ceiling temporarily is a Band-Aid rather than a solution, and merely sets up the prospect of another confrontation within a short time. Meanwhile, an economy that was already sputtering before the negotiations even started has now undergone further significant damage. ...
Share this Article
Recommended