Debt ceiling crisis looms, market tantrum may break deadlock: Evercore

📆 26/04/2023 00:08:00
📰 BusinessInsider

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There's a real risk of a debt ceiling crisis - and a market tantrum may be needed to break the political deadlock, Evercore strategist warns

Investors are too relaxed about the debt ceiling right now – and a"market tantrum" might be needed to break the deadlock in Washington, according to Krishna Guha.

"I think that's a reasonable baseline, but it does omit one key thing – the market has a role to play in this drama, too," he added."The politicians need the market to throw a tantrum at the last minute so that they have an excuse to compromise and calm down."

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