The US Is Weeks Away From A Confluence Of Risky Economic Events That’s Unlike Anything We Can Recall
Starting sometime in September, we can expect to see the following:
- A fight over the government’s budget, leading to a possible government shutdown.
- A fight over the debt ceiling.
- The beginning of Fed tapering (the reduction of large-scale asset purchases, known as Quantitative Easing)
- A nomination for a Fed Chair to replace Ben Bernanke.
Each one of these could be economically significant to varying degrees. Together they’re likely to be very exciting.
….some analysis HERE
Also: Why Wall Street Should Worry About the Next Fiscal Fight
