ASM Chart Thread, page-3198

If the US congress cant agree to raise the debt limit they are faced with increasing interest rates, debt defaults, credit ratings slashed and a threat to their status as reserve currency and ultimately face a catastropihc recession. Like it or not this will trickle down to every other market globally. Australia is not immune to black swan events. I saw someone post here that the US cannot by definition default, this is simply not true. The fact is they have raised their debt limit 60 times - this is simply kicking the can down the rd.

Will that happen? In my opinion, no. Worst case scenario they can shuffle their budget around to make room. Best case scenario they agree on raising the debt limit, turn the printers on and we are back in business for the short term at least.

The evergrande issue is also still at play here form a macro lense. Albeit I believe this will get resolved as well, as we know we are in fantasy land now and nothing a few quick brrrrs of the printer cant fix. That being said dont blindly believe all will be resolved. act accordingly.