Showing posts with label disastrous. Show all posts
Showing posts with label disastrous. Show all posts
Tuesday, April 15, 2014
Sunday, April 24, 2011
US Default Could Be Disastrous Choice for Economy
This is the most honest story by CNBC I've read in years. The takeaway message: there is no way to end QE 2.0 in June without seriously disrupting the US Treasury bond market, which would have a cataclysmic effect on global financial markets. However, if the Fed were to extend QE beyond June, it could intensify inflationary pressures. See previous blog <click here>.
http://www.cnbc.com/id/42732831
http://www.cnbc.com/id/42732831
Labels:
disastrous,
economy,
US default
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