Financial Planning Tips for a U.S. Debt Default

Posted by MMarquit under News
From http://www.theatlanticwire.com 4878 days ago

With the deadline to raise the U.S. borrowing limit less than two weeks away, you might be thinking about what to do with your money if the U.S. government defaults on its debt.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by businessavante
4878 days ago

Hi Miranda.

Nobody knows less about the economy than I do - but there's NO CHANCE they're going to 'shoot themselves in the foot' by defaulting. There's too many 'creative' solutions - like juggling the books, printing more money, adjusting the prime interest rate, or just simply raising the ceiling (again).

Imagine their chances of re-election when the whole financial world comes tumbling down because they actually let it default. I Don't see it happening - except in Jerry's 'Bizarro' world.

Duncan

- 0 +