Treasury Warns Default Impact Could Last A Generation

Thursday, October 3, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
10/03/2013

The President warned yesterday that “this time is different,” and now the Treasury has weighed in with an even more ominous warning. In their statement, they note:

*TREASURY OFFICIAL: CONGRESS ACTION ONLY WAY TO AVOID DEFAULT
*TREASURY SEES `TENTATIVE’ SIGNS IMPASSE AFFECTING MARKETS
*TREASURY SAYS BILL YIELDS MAY REFLECT `NASCENT CONCERNS’
*TREASURY: DEFAULT IMPACT COULD BE PROFOUND, LAST A GENERATION

And so it seems not only are they looking at the same indicators as the smart money in the markets but it is clear that the rhetoric will be increased until the equity market cracks and the politicians get their catalyst to act.

The Rest…HERE

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