"The debt ceiling seems to be the only tool that might work. The benefits of using it, if successful in cutting the size of government relative to GDP, could be huge. Not only would jobs and growth pick up, but the stock market would rise, too. What investors should be worried about is if this debate fails to limit the size of government, not that it leads to a pointless and unjustifiable downgrade by ratings agencies. Investors need to remain calm. Let the politicians be hysterical."
Monday, July 25, 2011
Hysteria and the Debt Debate - First Trust Advisors - July 25, 2011
Hysteria and the Debt Debate - First Trust Advisors - July 25, 2011
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