BaldwinClarke, Author at Independent Wealth + Business Advisory

Author: BaldwinClarke

#Finterms: X-Date

The X-Date is the day the federal government can no longer pay its bills. This is a point-in-time prediction based on the Treasury’s current cash holdings and expected revenue streams. Failure to meet debt payments results in default. Such an unprecedented event would have far-reaching consequences.

#Finterms: Federal Debt Ceiling

The debt ceiling is the maximum amount of federal debt that the government may incur. This cap ostensibly encourages fiscal responsibility and deficit management. The debt ceiling may change according to spending needs, revenue adjustments, and political tides.

#Finterms: Financial Contagion

When markets are volatile there can sometimes be domino effects that lead to even more turmoil. A compounding trend if you will where fear begets more fear.

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#Finterms: X-Date

#Finterms: Federal Debt Ceiling

#Finterms: Financial Contagion