Sunrise in Juneau the morning of 8/2010: This is Douglas Harbor, Alaska.
Friday, October 11, 2013
Who will benefit from a Government Default? There is money to be made by a few
If House Republicans don't agree to raise the nation's debt ceiling and a default ensues, the economic effects would be "catastrophic," in the words of Treasury Secretary Jack Lew. The nation's borrowing costs would spike, as would interest rates for average Americans, and the stock market would plummet. But not everyone will lose if a default causes an economic catastrophe. Here's who could profit from a financial calamity:
1. Short sellers: Most folks invest in stocks and bonds hoping the value of their investments will increase. But there's also money to be made by short selling—betting that the value of a stock or bond will drop.
http://www.motherjones.com/mojo/2013/10/who-would-benefit-government-default
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