Quote:
Originally Posted by vtec to vvel
There's no definitive answer to this, as though the US has been very close to a default a few times, the US has never actually defaulted on its debts before, and thus, no history/playbook to refer to on a default aftermath.
So IF a default were to happen, this would be a first.
IMO, it wouldn't just be the stock market/retirement funds affected. It would affect everyday life of everyday citizens globally. I don't even want to imagine the potential chain of events that could possibly be set off by a default
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Since we seem to be in a Mexican standoff, I’m afraid we’re going to find out pretty soon what happens…
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