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View Diary: House Republicans will not go along with the Senate (17 comments)

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  •  I don't see any way (0+ / 0-)

    that the debt ceiling gets addressed by Thursday. I think that it will be at least a week depending on how U.S. markets and the rest of the world react.

    I feel certain that the Treasury has a plan that will keep things together for a few more days before all hell breaks loose and the markets give a clear signal to congress.

    But, if congress is waiting for the markets to react the reaction may not come until it's too late. I expect that when the markets finally do wake up and realize that a default can really happen that there will be a huge overreaction that will send the stock averages down at least a couple of thousand points.

    The only trouble with retirement is...I never get a day off!

    by Mr Robert on Tue Oct 15, 2013 at 11:50:50 AM PDT

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