On Monday, Senate Republicans blocked legislation to raise the debt ceiling and allow the US to avoid an impending government shutdown and possible default. On Tuesday, the GOP also pooh-poohed a proposal by Democrats to allow for the debt ceiling to be raised with a...
During times of financial disruptions defaults rise in importance and move front and center. The term financial crisis is applied broadly to a variety of situations in which some financial assets suddenly lose a large part of their nominal value, a default falls into...
By John Mauldin In the past few years, I wrote a lot about the unprecedented credit crisis I foresee. I call it “The Great Reset.” I have to add, it isn’t what I think the future should look like or what I want to see. But almost the entire developed world has painted...