APOLOGIES as well for the delayed reply!!
So the US Budget is fine now (as predicted) ie its been delayed until February 18 or something.
https://www.nytimes.com/2021/12/03/business/economy/debt-ceiling-xdate.html
So now it seems Extraordinary measures (ie careful accounting tricks) can be employed until December 21 (latest until Jan 28). However reports show the earlier Dec 21 is when the US will fail to pay its debts.
2011 - 2012 Debt Ceiling Crisis: https://en.wikipedia.org/wiki/Black_Monday_(2011)
S&P downgraded US's rating from AAA to AA+ causing a sudden -5.5% drop in the Dow Jones.
2013 - 2014 Debt Crisis: https://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2013#October_2013_debt_ceiling_debate
A: October 2013 Congress debate betw Rep / Dem on the debt ceiling
B: Partial government shutdown due to disagreements.
C: Again extraordinary measures used. Finally Feb 12 senate passed and fixed in Feb 15
And you guys may remember this year's Debt Crisis during the Evergrande Crisis which was unfortunately a hell show.
APOLOGIES as well for the delayed reply!!So the US Budget is...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |