Memo: If failing to raise the debt ceiling technically doesn't trigger a default, but world financial markets react negatively, it's BAD.
@Jstoner64 Well, it kind of is a huge part of the economy.
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@DavidMDrucker So the $trillion in Fed money that has driven stocks all year has impacted the economy how? It's an indicator, or used to be. -
@Jstoner64 I'm not arguing it has fixed the current problems. I'm arguing that a market tank would make things possibly much worse. -
@DavidMDrucker not fixing because of mkt fear, like not treating Cancer b/c of hair loss.
End of conversation
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@DavidMDrucker corps, which comprise the mkt, have seen Revs fall yr over yr. EPS are only up do to Financing schemes/Buybacks.Thanks. Twitter will use this to make your timeline better. UndoUndo
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