The stock market would plunge 33% if the government defaults: Moody's

Yahoo Finance2021-09-23

President Joe Biden very often cites research from Moody's when he is trying to make a point on the U.S. economy. He should use the latest from Moody's Mark Zandi to emphasize any point being made to ...

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Comments

Hopehope赋予希望
2021-09-23
Hopehope赋予希望
Come on .. when is moody a good predictor of stock market?
- 滚股怪:
  Wow
TeslaLegend
2021-09-23
TeslaLegend
Please like and comment!
- CHkoh:
  done
DingDang
2021-09-23
DingDang
Anyone waiting for it? Please like and comment!
- TeslaLegend:
  Nice
vcvcbc
2021-09-23
vcvcbc
[Cool]
- vcvcbc:
  Y
NareshwG
2021-09-23
NareshwG
As investors, we ought to understand that market crash is part of the cycle.. Stay prepared and we will thrive this.. [微笑]
Annie_ann29
2021-09-23
Annie_ann29
Like plz
- PEIYONG:
  Done

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Treasury yields, mortgage rates, and other consumer and corporate borrowing rates spike, at least until the debt limit is resolved and Treasury payments resume. Even then, rates never fall back to where they were previously. Since U.S. Treasury securities no longer would be risk free, future generations of Americans would pay a steep economic price,\" said Zandi, referring to the potential fallout in asset markets.\nConsumer confidence is waning as debt ceiling concerns begin to inch higher.Moody's\nIn large part, the stock market pressure would reflect the major economic blow dealt from the debt default.\nExplains Zandi, \"The hit to consumer, business and investor confidence would be severe. If the impasse over the debt limit lasts through all of November, the Treasury will have no choice but to eliminate a cash deficit of approximately $200 billion by slashing government spending. Annualized, this is equal to more than 10% of GDP. 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Please like and comment!","listText":"Anyone waiting for it? Please like and comment!","text":"Anyone waiting for it? Please like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863600635","repostId":2169577876,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5969225,"gmtCreate":1632380619654,"gmtModify":1663234320538,"authorId":3572489627147183,"author":{"id":3572489627147183,"idStr":"3572489627147183","authorId":3572489627147183,"name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.28","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863600635,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":863874334,"gmtCreate":1632379844128,"gmtModify":1676530768185,"author":{"id":"3583897064119156","authorId":"3583897064119156","name":"vcvcbc","avatar":"https://static.tigerbbs.com/90dcd0f544e6b3d9d7fbe65dbe16a0d3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583897064119156","authorIdStr":"3583897064119156"},"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863874334","repostId":2169577876,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5969173,"gmtCreate":1632379851100,"gmtModify":1634788277612,"authorId":3583897064119156,"author":{"id":3583897064119156,"idStr":"3583897064119156","authorId":3583897064119156,"name":"vcvcbc","avatar":"https://static.tigerbbs.com/90dcd0f544e6b3d9d7fbe65dbe16a0d3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863874334,"type":1,"supId":0,"prevId":0,"content":"Y","text":"Y","html":"Y"}],"langContent":"EN"},{"id":863875273,"gmtCreate":1632379667792,"gmtModify":1676530768177,"author":{"id":"3572945845916163","authorId":"3572945845916163","name":"NareshwG","avatar":"https://static.tigerbbs.com/0d6dc06165c1a0cc4f1a8169ea48573d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572945845916163","authorIdStr":"3572945845916163"},"htmlText":"As investors, we ought to understand that&nbsp;market crash is part&nbsp;of the cycle.. 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