Something ‘catastrophic’ could occur if US defaults even briefly

themarketNZZ/Christoper Gisinger interview of economist Megan Greene/3-3-2023

“So far financial markets have remained calm because a last-minute deal has always emerged to lift the debt ceiling. But default is now a much greater possibility.” – Megan Greene, Financial Times columnist

USAGOLD note: Polarized politics make a default possible, says Greene. She also spends considerable time on inflation and Fed policy.