By — Paul Solman Paul Solman Leave your feedback Share Copy URL https://www.pbs.org/newshour/arts/default-by-debt-ceiling-complete-nonsense Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Default by Debt Ceiling? ‘Complete Nonsense’ Arts Aug 1, 2011 6:10 PM EDT Editor’s Note: On Monday’s NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt-ceiling deal. Turns out the market is reacting positively. And as for the dramatic rise in interest rates some said the U.S. would have to pay if the ceiling was reached? “To call those statement of default hyperbole would be an understatement,” Abdullah Karatash, Natixis’ head of U.S. bond trading, told Paul. Paul Solman: So you think it was just nonsense? Karatash: It was complete nonsense. Watch a preview of Monday’s broadcast report above. This entry is cross-posted on the Making Sen$e page, where correspondent Paul Solman answers your economic and business questions _Follow Paul on Twitter._ We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Paul Solman Paul Solman Paul Solman has been a correspondent for the PBS News Hour since 1985, mainly covering business and economics. @paulsolman
Editor’s Note: On Monday’s NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt-ceiling deal. Turns out the market is reacting positively. And as for the dramatic rise in interest rates some said the U.S. would have to pay if the ceiling was reached? “To call those statement of default hyperbole would be an understatement,” Abdullah Karatash, Natixis’ head of U.S. bond trading, told Paul. Paul Solman: So you think it was just nonsense? Karatash: It was complete nonsense. Watch a preview of Monday’s broadcast report above. This entry is cross-posted on the Making Sen$e page, where correspondent Paul Solman answers your economic and business questions _Follow Paul on Twitter._ We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now