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#556 Daily Money Show | Stock Market News
Original: # 556 Daily Money Show | Money Purse Stock Market News
Takeaway
US debt default risk poses major recession and market downside for global investors.
Summary
- Discusses US debt ceiling crisis and $31.4 trillion national debt risk of default
- Moody's estimates 8 million Americans could lose jobs if US defaults
- Warns ad spending and consumer purchases would slow in a recession
- Touches on investment advisory and trading-related business profitability
us-debtmarket-newsglobal-economy
Original description
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