Further to my story about US debt ceiling problem, I showed you that the debt ceiling has been raised many times in the history. It looks that raising the debt ceiling is a norm in the US, but why are investors worried? Let me continue the story. Although Uncle Sam is a very powerful person, […]
US Debt Ceiling History
Yesterday, I told you a story about Sam’s debt problem to explain what is US Debt Ceiling. The story continues here. When the debt ceiling is going to be reached, the “poor” and “moody” agency who used to rate Sam’s debt to be the best quality, now tells you that Sam’s debt is not so […]
Does US Debt Ceiling matter to you?
It always does not matter until it matters. For months, people were talking about Euro Debt Crisis, Suddenly, you heard that US is going to reach its US$14.3 Trillion debt ceiling by 2 Aug. Today’s Straits Times prime news headline is “Markets spooked, gold shines on US debt fears”, “Greenback falls to record low against […]