What we try to do is evaluate what point of view those who have some influence on the outcome might favor. If the big players want something to happen, they might just get their way. Try to think of who wins and who loses in each scenario and ask yourself who might be able to sway the odds.
Issue of the Week
For the next several weeks, barring some unexpected outcome, we will be prone to discuss the progress or lack thereof in the US deficit ceiling talks. The way this works is that the US can only issue debt that has been authorized by Congress and Congress decided many decades ago that without limiting the volume of debt available to be issued, they’d be likely to spend and spend until the US economy collapsed under the weight of Treasury debt. How prescient they were. Read more