The potential for another white-knuckle flirtation with default by the U.S. government via a debt-ceiling showdown is helping to raise “policy uncertainty,” analysts noted Wednesday.
DeGraaf highlighted the chart above, tracking the U.S. Economic Policy Uncertainty Index, devised by economists Scott Baker of Northwestern University, Nick Bloom of Stanford University and Steven Davis of the University of Chicago. It draws on search results from 10 large U.S. newspapers, reports by the Congressional Budget Office that compile tax code provisions due to expire over the next 10 years, and the Philadelphia Fed’s survey of professional forecasters.
Outside the Box: Evergrande crisis and the U.S. debt-ceiling showdown could give stock investors a buying opportunity Democrats have refused to attach a raise in the debt ceiling to that spending plan, which they intend to push through the Senate using a process known as reconciliation, which requires a simple majority. Top Democrats have insisted that lifting the debt limit must be a bipartisan undertaking.
Worries about a potential default by China property giant Evergrande triggered a sharp stock-market selloff on Monday. Those concerns have since faded, with investors less worried about potential spillovers that could threaten the Chinese or global financial system.Also see: Will Evergrande be China’s ‘Lehman moment’? Wall Street says no
Interesting headline..
I assume it then remains evergrande
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