No. of Recommendations: 6
Of all the things to worry about, the debt ceiling is not typically a useful one to worry on.
We have not seen a political force strong enough or wanton enough to force a shutdown, and given the antics of the past week I would say we now have. Additionally I would just point out that the 'near miss' negotiations of 2011 and 2018 cause some pretty severe gyrations in the market - especially among certain sectors - although the one in 2013 did not.
I believe in valuing companies both on their own prospects but also in light of other factors outside their control. Warren tends not to. OK for him, but I've done nicely watching macroeconomics and politics as well, so OK for me ;)
