Debt default may be good?

[Manishican]

Job market will cool down?

Inflation down?

Interest rates down?

House prices down?

[Android_Halwa]

That will be disastrous..

Things have to cool down slowly unlike the interest hike, a natural demand supply balance will take months to stabilize after the month over month hikes. Debt ceiling, job numbers, etc will further dent the prospects than to make it better in long term if any knee jerk actions are initiated.

[Manishican]

57 minutes ago, Android_Halwa said:

That will be disastrous..

Things have to cool down slowly unlike the interest hike, a natural demand supply balance will take months to stabilize after the month over month hikes. Debt ceiling, job numbers, etc will further dent the prospects than to make it better in long term if any knee jerk actions are initiated.

If debt default happens, all bonds and interests will be paid on time. Mostly various welfare programs including social security will be affected. This will definitely cool down everything. I might be wrong