READY-FIRE-AIM!
The 'tourist encourages everyone to think about a potential technical default ahead of time
In a previous post, I highlighted the difficulties in trading the looming debt ceiling situation. Even the most skeptical strategists admit the odds favour a resolution, so we are dealing with a low probability event which makes taking a position difficult.
However, what if the unspeakable happens and the US defaults on its debt? You might believe that i…