NEWS
Markets Watch Default Debate
Katie Micik DTN Markets Editor
Wed Oct 16, 2013 03:44 PM CDT

OMAHA (DTN) -- The financial markets aren't acting as if there's a real chance Congress will let the U.S. default by not passing an increase in the debt ceiling, several agriculture economists told DTN.

"Markets view this as, here we go again; It'll be resolved at the last minute," Purdue ag economist Chris Hurt said. The stock market's wavered up and down this week, but is up almost 200 points around noon Wednesday. Volatility indexes are low; most of the bond markets haven't seen major changes this week, he said.

"You might be on a fool's errand," Purdue ag economist ...

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