The US Debt Ceiling Debacle: Complacency for Now but Storms on the Horizon?
Global capital markets traded in a tight range last week. Despite intense media focus on the federal government shutdown to almost the exclusion of all other news, market participants appear to be cautiously confident that US lawmakers will end the current impasse. At Bryn Mawr Trust, we also believe that the abrupt and all-consuming nature of the latest dysfunction in Washington, D.C. warranted our putting the matter into perspective.
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