Debt-Ceiling Cliff Dancing

On Ireland’s Atlantic seaboard, ten miles west of the town of Lisdoonvarna, stand the majestic Cliffs of Moher.  They are a popular tourist attraction but also a dangerous one – in the 25 years ended in 2017, 66 people tragically plunged over the cliffs to their death. Of course, there is no reason why anyone should meet such a fate.  The long grassy path beside the cliffs is bounded by a wire fence, with frequent signs warning visitors not to cross it or to venture any closer to the cliffs.  However, inevitably a few foolishly ignore the warning and, for a few of them, it is their last bit of foolishness on this earth

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Listen to the latest insights from Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management to help prepare you for the week ahead.