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Good News or Bad News?

The U.S. debt ceiling, which was supposed to be reached on 19th of May, is not getting to its expiration day until the Labor Day because of some cash flows. Therefore, the Congress may relax and search for the optimal solution, but would that happen? Or, in September this year, the United States’ debt will be left with no solution but with a bunch of people who not even in the last minute can reach a deal and will choose again to extend the problem?

Besides all this, the end of this year may also bring the end of Quantitative Easing. It looks like Fed is trying to prepare the markets for the end of this program, an end which will be divided into phases. The purpose seems to be close to be fulfilled, giving the improvements that we see in the labor market so it’s time to stop the printing press.

Good News or Bad News? by