The U.S. may soon be unable to continue borrowing money. Financial players seem to be blowing this off today, but experts are warning to pay attention. Let’s get a longer-term view from Diane Swonk, chief economist at the audit tax and advisory firm KPMG.
Last year, the S&P went up 24%. A global index of stocks went up a still strong 16%. In the cold light of this first work day of a new year, foreign markets have been more muted.
On Jan. 15, there could be a new strike by dockworkers along the East and Gulf Coasts. Talks could resume next week. We’ll learn more about the sticking points for the International Longshoremen’s Association.
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