The loss: because the deal does not include raising the US debt ceiling or the implementation of longer-term budget cuts, investors will be witnessing another US political showdown in the coming weeks as both these issues are negotiated.

FORBES: Connect

Even though the government has raised the debt ceiling 10 times over the last 10 years, investors generally suffer from memory loss and are behaving like the problem has never been solved before.

FORBES: Don't Like Treasuries Right Now? Try Corporate Bonds

This rests on the notion that there is a fixed ceiling for output, rising over time, so any shortfall against potential is a permanent loss.

ECONOMIST: Should we learn to love recessions?