Live preview mode. Wire is not yet published.

It's worth reading this note by Elliot Clarke from Westpac (highlighted in Macrobusiness) - who says In and of itself, the passing of a new spending authority...

Tom McKay

Livewire Markets

It's worth reading this note by Elliot Clarke from Westpac (highlighted in Macrobusiness) - who says In and of itself, the passing of a new spending authority should have merely been a procedural matter. That it has turned into such an ordeal emphasises the hostility between the two parties, and raises material concerns over the likely conclusion to the much more important debt ceiling debate, set to come to a head in the next fortnight. Clarke notes all the major payments that fall during the next month and concludes... a delay of more than a few days could see the US economy verge on stalling. Further, the direct and confidence-related impact of a shutdown at this juncture could linger well into 2014. (VIEW LINK)


Tom McKay
Managing Director and Co-Founder
Livewire Markets

Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment