I don't expect consumers here will really see a 10 percent movement on the prices of imported goods, ... But for exporters, that 10 percent is very real.
The debt limit will be raised; no one expects otherwise. The problem here is Congress reconvenes around mid-January, and it isn't a lot of time they have to get this done. But they'll get it done.
I think the worst is yet to come. I expect their market share to continue to shrink and their balance sheets to become more troubled.