Strategy Report
The Debt Ceiling Game Is Parent-Child With A Bad Nash Equilibrium
The debt ceiling game’s endpoint will avoid default only if it implies economic pain. For the Republicans, the best strategy is not to lift the debt ceiling unless the Democrats cut spending a lot, or unless the economy starts to tank. Plus: there are signs that the mania in ‘AI’ stocks has gone too far too fast.
BCA Research | Counterpoint
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