You can refer nkalansu's post on what is this US debt business is all about:
Now after reading this post I read more and more about what is going on in US and I just can't help myself thinking what would happen if US defaults on its debt? specifically what impact it would have on CSE?
I know that when US and Europe were hard hit by recession, it didn't have much of an effect on CSE (or did it? I am quite a new investor). Most investors here would say something similar to what ShareShares said earlier:
But I cannot understand how a market like Sri Lanka can be so much independent of the rest of the world! how can it be? I would be more than happy to believe this idea if someone can systematically explain why Sri Lanka is so much independent and that there is nothing to fear, but I did not see that kind of an explanation yet.
If an economic expert can shed some light on this matter, that would be awesome!