“We’re Almost Out of Runway”
Investors around the world are worrying about the politically-driven drama in Washington, DC. This drama will likely end with a “deal,” but will it be enough to allay the fears of a downgrade of US debt?
There are really two issues at the heart of the fear of investors:
1. Default
2. Downgrade
Default
These are two separate issues even [...]
Sovereign Debt and the Equity Investor
Sovereign Debt and the Equity Investor
Weston Wellington, VP
Dimensional Fund Advisors
Last week we came across an “Economic and Policy Watch” update prepared by a major investment bank that reviewed recent government proposals to address the nation’s funding crisis. Titled “It Just Gets Worse,” the report chided policymakers for actions that “look like a poor cover for [...]
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