1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Canadian Value
Canadian Value
Articles (4624) 

Pimco's Bill Gross - The Government Shutdown Is a Category One, a Debt Default Would Be Category Five

October 02, 2013 | About:

Gross thinks that the government shutdown will impact American economic growth by 0.1% a week. There is precedent for this from 1995 with the Gingrich shutdown.

The big date though is Oct. 17 and the debt ceiling. The government shutdown is a category one; failure to act on the debt ceiling would be a category five.

Gross thinks a default by the U.S. would be catastrophic as the U.S. Treasury is basically the center of the global financial world. Default would trigger meltdown worldwide in all asset classes.

Watch the video below to see where investors would flock if a default were to occur and what would happen to stocks if it does:





About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 3.5/5 (4 votes)

Comments

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Canadian Value


User Generated Screeners


clemclem_99GuVGain3relaxed
Wellrossxyzideas
WellrossManual of ideas4
WellrossManual of ideas3
WellrossManual of ideas2
WellrossManual of ideas1
kpmoranManual of ideas
WellrossNCAV micro/nanoRF
MauroTNCAV micro/nano
nghassanPenny Stocks
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK