10-01-2013, 10:40 AM
But maybe we'll get our buying opportunity after all? Here is another article explaining that the impending debt ceiling debacle is potentially much worse that the shutdown.
Conclusion of the article:
Conclusion of the article:
Quote:And that’s the big difference between these two events. There hasn’t been a government shutdown in a while but they were common in the 1970s and 1980s. They’re a big deal in Washington, D.C. because federal employees don’t get paid when they happen. But as long as it doesn’t last too long, it’ll be fine. A debt ceiling breach, by contrast, is completely unprecedented. There’s no guarantee that it’ll lead to a worldwide financial panic and a massive global depression, but there’s honestly no guarantee that it won’t. Nobody knows what will happen, and you should find that prospect terrifying.