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Rajan said his warning is apt for the US, whose debt trajectory will keep increasing steadily, according to IMF forecasts released last month.
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US presidents have generally reserved an address from the Oval Office for the most significant, and dramatic of events: the attacks of September 11, 2001, for example, or the Challenger space shuttle explosion
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US House has passed the debt ceiling bill just days before the country is about to start defaulting on its debt. Here’s a low-down on US’ debt ceiling crisis and what happens to the bill now
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In this episode of Market Minutes, Asha Menon on global markets turning cautiously optimistic as US lawmakers look closer to raising the debt ceiling; and on why FPIs flows have been the highest in six months. Also, in Voice of Day, Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies, shares his view on banks and other key investment themes. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends (with inputs from Shivam Shukla)
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The deal will not only resolve the high-octane dispute over debt and spending issues but also enact important changes in environmental permitting, work requirements for social safety-net programs, and IRS tax enforcement.
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US President Joe Biden and top congressional Republican Kevin McCarthy have come to a preliminary agreement to increase the federal government's debt ceiling but there are significant hurdles in the way to securing Congress' nod
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In this episode of Market Minutes, Asha Menon talks about the uncertainty in various markets with debt-ceiling resolution in the US hanging fire and two companies that have posted widely varying results this March quarter. Also, Dr Joseph Thomas, head of research at Emkay Wealth Management, tells us what drives his optimism on IT stocks. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends (with inputs from Shivam Shukla).
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In this episode of Market Minutes, Asha Menon talks about the markets reaction to the debt-ceiling worries and Street-estimate-lagging results from pharmaceutical major. Also, catch Pratik Kothari, Investment Analyst at Unique Asset Management, telling us why capital goods sector is looking promising and why stock-picking is important while looking for winners here. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends (with inputs from Shivam Shukla).
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In this episode of Market Minutes, Shailaja Mohapatra talks about US debt ceiling crisis, National Stock Exchange's Q4 numbers, why PVR-INOX reported a loss and Astral Ltd's March quarter performance. (With inputs from Sucheta Anchaliya) Also, catch Ajay Garg of Equirus Capital in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
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The dollar edged higher against major currencies, with the dollar index up 0.256%.
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What is debt ceiling? What happens if the US Congress doesn’t raise it on time? Answers to this and more
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Why would any government ever want to do default, given that the economic consequences of such an act would be disastrous for itself, its own people and even the global economy?
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The x-date could be reached as early as June, depending on how much money the IRS collects in April from people filing their taxes.
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The debate over whether the US debt ceiling needs to be raised will revive pernicious fears about fiscal deficits
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The fact that the market bounced back from August's low of 5100 to touch new highs makes experts believe that there is a possibility of something much larger happening.
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Anlysing the concept of 'own-the-good' business theory, Manish Chokhani says the best strategy is to buy companies that are in 10-15 times P/E band. There are lots of pharma companies excluding Sun pharma. Similarly there are lot of IT companies excluding TCS where one can look at.
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Despite the US shutdown and the tussle between lawmakers equity benchmarks in the US, and those in the top three European markets —Germany, UK and France—are up 1.5-3.0 percent so far this month.
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Dan Smith is optimistic on gold for long-term and believes the yellow metal will go above USD 1,400 per ounce level next year.
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According to Indranil Pan, the fall in trade deficit will pull down the current account deficit eventually, leading rupee to its fair value at around 61-62/USD against 63-64/USD projected earlier.
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Failure to raise the U.S. borrowing limit by October 17 will push the world's biggest economy into an unprecedented debt default. Congress is already divided on a spending bill, resulting in a partial government shutdown that is hurting the economy and delaying key data releases.
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Tropical Storm Karen had prompted producers to shut in nearly two-thirds of oil output in the Gulf of Mexico. But it was downgraded to a tropical depression late on Saturday, with production starting to return to normal by the end of the weekend.
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Richard Titherington of JPMorgan believes the issue around when and how much the Fed decides to taper is very important as markets have been nervous before. He expects a market correction as and when tapering finally occurs.
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Arnab Das, managing director of market research and strategy, Roubini Global Economics feels the dysfunction in Washington is so great that there is quite a good chance of a government shutdown and some scathing remarks around the debt ceiling.
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Globally, Nikkei and Hang Seng dropped 1.5-2 percent at close as the likelihood of a US government shutdown increased after the Republican-controlled House of Representatives early on Sunday passed a measure that ties government funding to a one-year delay of President Barack Obama's landmark healthcare restructuring law, reported Reuters.
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The Sensex fell 536.44 points or 2.65 percent on Friday to close at 19727.27 and the Nifty lost 179 points to 5833.20 in the week. However, September futures & options series was the best in 2013 with equity benchmarks gaining 9 percent.
