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Pimco's El-Erian - Politicians Better Stop Playing Russian Roulette with the Debt Ceiling
Posted by: Canadian Value (IP Logged)
Date: October 4, 2013 04:24PM
El-Erian thinks that the current government shutdown is not impacting markets because the market views it (correctly) as temporary and reversible.
What the market is really worried about is the debt ceiling, and it should be.
If the debt ceiling is not addressed it would be catastrophic for the U.S.
Stocks Discussed: SPY, DJI, QQQ,