"There will be repercussions in Asia and I expect the markets to go into alert," said UCLA finance professor Bhagwan Chodhry.
The confidence of investors in the stability of U.S. markets is very important said Edward Leamer, a professor of business finance at the UCLA Anderson School of Management.
"The U.S. had the image of being a safe harbor for investors," he said. "This may have a psychological impact on global investors who make take this moment in history to reassess their positions."
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