J. Safra Sarasin: Technical US default possible, but probability is “nearly nil”

28 August 2017 | 5 minutes read

Uncertainty about the US debt ceiling and the 2018 budget “are clouds over the horizon of the ‘Goldilocks’ economy,” according to Adolfo Laurenti, global economist at J. Safra Sarasin, who shares the bank’s views about the US’ looming fiscal deadlines and the downside risks they pose. The economics and politics of fiscal deadlines Over the next five weeks, the US…

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