在參議院的領導人們達成了一項提高政府債務上限的協定後股市在週三一片大好。
這一消息來自美國財政部表示可能會用盡所有方法來避免拖欠債務的一天前。
許多投資者表示沒有因華盛頓政治邊緣政策或最後一分鐘宣佈的協議感到驚訝。
布萊克沃爾資本市場股票經紀人肯·威廉姆斯表示這些天在華盛頓只是關於交易如何完成。
“不幸的是,我們只會搬起石頭砸自己的腳,用我們的問題嚇嚇大家。
這就像一輛過山車,雖然經歷波折，但你猜結果怎麼著?
萬事OK，你下車會看看後面,然後說太過癮了。”威廉姆斯說道。
提供另一種觀點的是道明證券策略師戈那迪·戈德伯格,他覺得甚至違約的威脅會促使一些投資者把錢從短期貨幣市場撤出。
戈德伯格擔心國會的鬧劇也會削弱長期美國貨幣市場及美元的國際信心。
“美國國債是一種無風險基準利率的事物。
所以很明顯當你無風險的基礎不再是無風險,那一切將無濟於事,而人們也會開始考慮他們如何看待作為全球儲備貨幣的美元,如何看待作為無風險資產的美國國債。”戈德伯格解釋道。
戈德伯格也認為不僅美國的金融聲譽遭到玷污,更有甚者由於政府關閉國家債務實際上會增加。
“認為這實際上會為我們節省任何金錢是完全不切實際的。
因此諷刺的是關閉政府讓我們實際上要付出更多,因為你必須支付工人,
你必須償還自身債務,本質上, 最後它將使你花費更多,”戈德伯格說道。
儘管華爾街投資者已經對即將到來的最後時刻有所準備,
但戈德伯格認為華盛頓政治對峙有可能造成未來市場的更加不穩定。
Stocks surged higher on Wednesday after Senate leaders reached a deal to raise the government debt ceiling.
The news came one day before the U.S. Treasury said it could run out of ways to avoid default on its debt.
Many investors say they have not been surprised by either the political brinkmanship on display in Washington or the announcement of last minute deals.
Ken Williams, a stockbroker with Blackwall Capital Markets, said it is just how business gets done in Washington these days.
“Unfortunately we'll hit our rocks and have our problems and scare everybody.
It's just like a roller coaster, aahh, oohh, eehh, but in the end, guess what?
It'll come out nice and smooth and you'll get off and you'll look behind you and say, 'what a ride,'” said Williams.
Offering an alternative view is Gennadiy Goldberg, a strategist with TD Securities, who feels that even the threat of a default drove some investors to pull money from short-term money markets.
Goldberg is worried the Congressional drama could also undermine long term international confidence in U.S. currency markets and the dollar.
“The Treasuries are used as kind of a risk-free base rate for things.
So obviously when your risk-free base is no longer risk-free, that will throw everything up in the air and have people reconsider how they see the U.S. dollar as a global reserve currency, how they see Treasuries as the risk-free assets,” explained Goldberg.
Goldberg also feels that not only has the U.S. financial reputation been tarnished, but in addition the national debt will actually increase because of the government shutdown.
“There is no reason to assume that this would have actually saved us any money.
So the irony is that by shutting down the government, we're actually going to be paying more because you have to pay back the workers,
you have to pay back your debt and essentially it will cost you more in the end,” said Goldberg.
Even though Wall Street investors were prepared for a last-minute deal,
Goldberg feels political stand-offs in Washington are likely to make the markets more volatile in the future.
