OK, so the doomsday scenario will probably not play out like that…although you never really know. But here is something else to think about. We are really in a no-win situation. If Congress does not raise the debt limit, then we will have a default for sure (not likely to happen). But, if they do raise the debt limit, then we will probably see another debt downgrade in relatively short order. That alone could be enough to crash the market…it might even be enough to lead to some sort of doomsday scenario like what is listed above.
Posted on: Tue, 15 Oct 2013 16:54:29 +0000
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