- Joined
- Aug 9, 2010
- Location
- Coral Springs, Florida
Are you doing or planning to do anything different in anticipation of a debt default By Uncle Sam?
I have heard some people are making purchases in anticipation of higher interest rates if a default occurs. The wall street journal reported that large companies are hoarding cash and postponing hiring and capital expenditures in case there is another credit squeeze.
The traders on Wall Street seem confused as to what the effect from a default would be and I haven't heard anyone suggest where the safest place will be if treasuries get hit.
I sure hope its not another repeat of the last credit crisis.
I have heard some people are making purchases in anticipation of higher interest rates if a default occurs. The wall street journal reported that large companies are hoarding cash and postponing hiring and capital expenditures in case there is another credit squeeze.
The traders on Wall Street seem confused as to what the effect from a default would be and I haven't heard anyone suggest where the safest place will be if treasuries get hit.
I sure hope its not another repeat of the last credit crisis.