CITY VIEWS: DO YOU THINK THE US DEBT CRISIS IS OVER?

PAUL SMITH | INCEPTA
“No. As we don’t fully understand it, the options for solving the problems are unclear. The political thought that has gone into decisions and the timescale means there will be time for markets to settle down and those in control to reassess the economic situation.”

ALEX GOURMAS | MAR RISK SERVICES
“No, I do not see how the US is helping the economy by raising the debt ceiling. Those in charge really need to take the plunge and make decisions that aid the root cause of the debt, which might mean losing its triple-A rating.”

PETER RICHARDS | ARTILLERY
“No – raising the debt ceiling is like applying a plaster, a temporary measure to hold off further damage for six to 12 months. The start of the holiday season has made the City noticeably quieter, although we are still busy it might indicate a less favourable economic climate.”