I’m sitting in Baltimore watching CNN and they are reporting that the Dow is falling as the debt ceiling looms and negotiations have stalled. They are making the case that it is precisely because of the debt problem. And, while I do not doubt that the debt is a strong factor I think the sputtering GDP is an even stronger reason.
Which do you think is more of a reason for traders sell at this time, the debt or the GDP?
Is it the Debt or the GDP?
I’m sitting in Baltimore watching CNN and they are reporting that the Dow is falling as the debt ceiling looms and negotiations have stalled. They are making the case that it is precisely because of the debt problem. And, while I do not doubt that the debt is a strong factor I think the sputtering GDP is an even stronger reason.
Which do you think is more of a reason for traders sell at this time, the debt or the GDP?