“I think it’s ridiculous – it’s always resolved, not that it’s a 100% chance, but I think it gets resolved.” – Bill Gross, Pimco co-founder

Pure Portfolios Chief Investment Officer, Nik Schuurmans, CFA, covers the latest version of the U.S. debt ceiling fiasco.  The video includes a review of how markets reacted in 2011, how volatility led to congressional action, and the most likely outcome of this manufactured crisis.

For further reading, see U.S. Debt Ceiling: Big Risk or Big Nothing?