No Free Lunch In the U.S. Debt Ceiling Debate

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Emerging markets and past U.S. experiences showcase that the impact of delaying a higher debt ceiling may not be apocalyptic but that the best case scenario is likely years of moribund growth.

Whether or not a debt default solution arises in the next few days or weeks, there is no free lunch to be had in addressing America’s fiscal problems. The fact that the immediate problem stems not from an actual inability to pay but rather from the use of the ...

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Here's what we're thinking

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The Investment Committee of the Portfolio Advisory Group meets weekly to formally discuss markets, sector allocation and investment recommendations. Below is a brief synopsis of our current market view.

Here’s What We’re Thinking:

  • Notwithstanding the Greek bailout achieved last week which led to a relief rally in equity markets and the high yield bond market, global capital markets are now focused on the political machinations surrounding the current U.S. debt ceiling debate.Congress must pass legislation by August 2 to raise the debt ...
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