Life - its all about balance innit?
This from Allianz's Mohamed El-Erian, he's not worried about
- a government shutdown
- or the debt ceiling
because "that's going to be dealt with."
He is worried about
- delays on tax reform
- and delays on infrastructure spending
because the fight over the first two delay the second two.
El Erian was speaking on CNBC:
"My main concern is ... all the noise around these two issues and the game of chicken that goes with these two issues are likely to delay further tax reform and infrastructure. And that's what the market is going to worry about at some stage"
Fair enough.
I suppose, looking on the bright side, if there is one thing these guys in the US admin want its to lower taxes for their businesses, so there is that.
He doesn't look that worried
