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Kotok Quick Take: Rick Newman on US Default Risk
“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it.” – Elon Musk Market-based prices tell us that the risk of a US default is higher than zero. I comment on Rick Newman’s must-read June 3 Yahoo Finance piece on default risk and what it’s costing us.…