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I'd love to see a default, but it won't happen. The result would...

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shopboy

112 Posts.

26

20/09/21

15:29

Post #: 56210439
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Originally posted by Crom Valen: ↑

WASHINGTON —
Unless Congress votes to increase the amount of money the U.S. Treasury is allowed to borrow above its current debt of $28.5 trillion, the United States will default on its financial obligations sometime in the next several weeks, experts warn.
Few experts consider that likely to happen, but if it did, it could trigger an economic catastrophe with effects far beyond America's shores.
In a letter to members of Congress last week, Treasury Secretary Janet Yellen warned of the damage that would result if the U.S. is unable, even for a short time, to pay its bills.

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I'd love to see a default, but it won't happen. The result would be a great show.
It's almost as if the debt ceiling issue is an artificial drama to signal to their mates that a buying opportunity is around the corner.

Your view Crom?
1 Upvote

0 Great analysis

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