Nearly seven out of 10 investors had confidence in the U.S. capital markets, according to a new survey by the Center for Audit Quality, and a record 79 percent had confidence in investing in U.S. publicly traded companies just prior to the government shutdown on October 1.
“Weeks before the government closed, investor confidence in U.S. capital markets reached 69 percent, a level not seen since 2009, and confidence in investing in publicly traded companies reached a record high,” said CAQ executive director Cindy Fornelli in a statement. “Our polling shows a prolonged government shutdown or contentious debt ceiling fight would reverse this trend and shake investor confidence. A default could be devastating.”
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