• 4
  • 1
  • Favorite

Observers See up to 35% Chance of a U.S. Default: JPMorgan

Dow Jones2023-04-20

After meeting with around 1,000 attendees and 1,600 virtual participants at the IMF/World Bank spring meetings, JPMorgan analysts say “outlier” views are as high as 35% that the U.S. will default on Treasury obligations. It said speakers at its events assigned a 10% to 15% probability of a default. The analysts said workarounds such as the use of a discharge petition, platinum coin or executive action via the 14th Amendment were “largely inoperable.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • Bryanntan
    ·2023-04-21
    Ol08Wmc13
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial