Re:USDC's Circle Moves $8.7B to Repo Agreements to Protect R...
by JumpCrisscross on Thursday May 18, 2023 @10:24AM
(#35988365)
> Both republicans and democrats are heavily invested in the US stock market which would collapse if US defaults
The effects of a technical default will be more insidious. It's unlikely to prompt a sustained pullback in prices. But it will work its way into funding costs in the long term. (We've already seen that over the last decade from the last time the GOP did this.)
The effects of a technical default will be more insidious. It's unlikely to prompt a sustained pullback in prices. But it will work its way into funding costs in the long term. (We've already seen that over the last decade from the last time the GOP did this.)