The debt ceiling is so arbitrary and so lacking in real, economic impact that you just don't need to spend the time conjuring schemes like trillion-dollar coins, Fed vaults and check writing. Given time, politicians are highly likely to do what they've nearly always done: Politick to the last moment, then raise the debt ceiling.

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This article constitutes the views, opinions, analyses and commentary of Fisher Investments as of December 2012 and should not be regarded as personal investment advice. No assurances are made Fisher Investments will continue to hold these views, which may change at any time without notice. In addition, no assurances are made regarding the accuracy of any forecast made herein. Past performance is no guarantee of future results. A risk of loss is involved with investments in stock markets.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

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