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Andrew Ross Sorkin

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The moment a large investor doesn’t believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance – politically fraught fiscal restructuring, austerity and debt rescheduling – it takes to defuse a sovereign-debt crisis.

Andrew Ross Sorkin

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Andrew Ross Sorkin

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I think you tell the story that has to be told. You tell the story that’s the truth. You tell the story that readers will be interested in and should know about.

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Here’s the perversity of Wall Street’s psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn’t reached.

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April 21, 2024

Here’s the perversity of Wall Street’s psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn’t reached.

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April 21, 2024

I think you tell the story that has to be told. You tell the story that’s the truth. You tell the story that readers will be interested in and should know about.

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