- 11 Mar 2023 04:44
#15267715
5 min. long.
Moody's has 3 sscenarios for the debt celing crisis.
1] A sgort default. They say this will cause 1M more unemployed and a mild recession.
2] A longer default. This will cause 7M more unemployed and a deep recession with a 20% drop in stock prices.
3] The Repuds get their way and there are sort of deep cuts in Gov. spendng, but nowhere near enough to balance the budget. This will cause 2.6M more unemployed and it delays the recession until 2024 just before the election, so the Repuds can blame Biden for the recession.
It says it's unavailable, so copy and paste the address to your browser and remove the "[==]" to see it.
https://www.you[==]tube.com/watch?v=YB3Dg3CGZZg&list=TLPQMTEwMzIwMjPb_NsMFKGw8Q&index=4
.
Moody's has 3 sscenarios for the debt celing crisis.
1] A sgort default. They say this will cause 1M more unemployed and a mild recession.
2] A longer default. This will cause 7M more unemployed and a deep recession with a 20% drop in stock prices.
3] The Repuds get their way and there are sort of deep cuts in Gov. spendng, but nowhere near enough to balance the budget. This will cause 2.6M more unemployed and it delays the recession until 2024 just before the election, so the Repuds can blame Biden for the recession.
It says it's unavailable, so copy and paste the address to your browser and remove the "[==]" to see it.
https://www.you[==]tube.com/watch?v=YB3Dg3CGZZg&list=TLPQMTEwMzIwMjPb_NsMFKGw8Q&index=4
.