Dumb Trump supporters raise mortgage rates, reduce money for Social Security and Medicare, and Make America A Laughing Stock.
Dumb Trump supporters raise mortgage rates, reduce money for Social Security and Medicare, and Make America A Laughing Stock.
It can be smart money thinks it’s fine, or smart money has already priced in the risk due to the trump years.
That’s always possible I suppose but I don’t think so. The crisis in 2011 rocked markets for months with monstrous daily swings up and down. There was barely a blip when fitch downgraded the debt and during the last few debt ceiling impasses.
Personally I think it’s pretty clear at this point that it is just theater and they’ll never allow a default. The reason being, all of congress is too wealthy and heavily invested in stable world markets, and obviously in the pockets of their corporate overlords who feel the same. A default would be catastrophic so it’s just not going to happen.
I disagree. There is some blister but there are also more crazies with more power.