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So Congress eventually came to terms on a deal to increase the nation’s federal debt ceiling, averting a potential default at the last second and preserving truth, justice and the American way.
Or as Winston Churchill famously said, “The United States invariably does the right thing, after having exhausted every other alternative.”
We’ve heard about this endlessly, and, of course, our long, national soap opera will continue. But here at peHUB, we want to know what difference this makes to you, dear reader. Do you expect the economy will stabilize, or is a hefty dose of QE3 needed — and for how long? Did the GOP get a win or did their freshman class cave? Will the pace of private equity and venture capital deals pick up, or will we wait with bated breath to see if the U.S. is downgraded — and what would the impact of that be?
By the way, you were right: In last week’s survey, nearly three quarters of you predicted the deal would go through.
Steve Bills is a senior editor at Buyouts Magazine. Any opinions expressed here are entirely his own. Follow him on Twitter @Steve_Bills. Follow Buyouts tweets @Buyouts. For information on how to subscribe, contact Greg Winterton at email@example.com.