As some of you may know, my left-brain deals with geeky economics, international trade and stuff like that. When I went back to college years ago after raising my sons, I majored in Mass Communications and dreamt of writing for The Economist. So there ya have it.
Anyway, watching (or rather tuning out to most of) the debt ceiling kabuki theater, a few tidbits got absorbed. Like this unappealing prediction from Credit Suisse should the U.S. actually go over the brink into full out default.
Stocks Drop 30%, Economy Contracts 5%
To those who claim nothing will happen, do you really want to risk it?