J.P. Morgan Asset Management - The Weekly Brief

30.09.2013 14:32 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Bekannt als die "Schuldenobergrenze", haben die USA bereits seit langem einen gesetzlichen Grenzwert für die Höhe ihrer Verbindlichkeiten. Schätzungen zur Folge könnte dieser Grenzwert schon Mitte Oktober wieder erreicht werden. Damit wäre dann erneut der US Gesetzgeber genötigt, die Rechtsvorschriften anzupassen und die Schuldengrenze zu erhöhen. Würde dies versäumt werden, so käme dies einem technischen Zahlungsausfall gleich und würde Schockwellen an den globalen Märkten verursachen. Wie im Wochenchart dargestellt, zeigt sich jedoch, dass die US-Regierung dazu neigt, Verhandlungen um die Schuldenobergrenze bis zur letzten Minute hinauszuzögern. Traditionell haben die USA die Schuldengrenze jedoch regelmässig rechtzeitig angepasst, um einen Ausfall zu verhindern. Zudem scheint die Gefahr einer weiteren Herabstufung der Bonität der USA unwahrscheinlich, insbesondere vor dem Hintergrund, dass das Defizit des Landes seit 2009 um rund 50% gesunken ist.

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