Cool heads appear to be emerging in the US as both parties concede a US default in not an option

James Marlay

Cool heads appear to be emerging in the US as both parties concede a US default in not an option. A proposed short term lift in the debt cap has eased market concerns in the short term, however, it remains a patch for the time being. The rally in US markets looks to be as much in response to cool heads as it is to the raising of the debt ceiling. Press secretary Carney comments that there at least seems to be a recognition that default is not an option, would go a long way to easing market nerves around the possibility of a fallout. Further coverage in the following article on Bloomberg, (VIEW LINK)


About this contributor

James Marlay

James Marlay

Co Founder, Livewire Markets

I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.

Expertise

debt ceiling usa

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