RN,
no matter which way congress plays this thing out, there is going to be a recession, and the scary part of it all is that there could be a depression, the likes that no one has ever seen.
Europe is on the brink, and may go over sooner than the americans. If that happens, it will trigger a domino effect that will knock economies around for a decade.
Once all foreign markets start to dry up, Canada will be in the same boat. Our government can't help but run a deficit in that case.
Inflation will run and the POG will climb higher than any of us could really imagine. Hopefully we are in the right place.
Andy K