WR1 General Discussion, page-13268

"As we witnessed in March, should the banking crisis in the US intensify, that in itself could be enough to send the ASX 200 and global stock markets spiralling lower. Alex Lennard, investment director at global asset manager Ruffer, shares those liquidity concerns (courtesy of Reuters). “Our concern is that if liquidity starts leaving the system, for whatever reason, this creates an environment where markets are crash prone,” he said. “That’s where the [US] debt ceiling matters.” We’ll leave off with Mike Wilson, equity strategist at Morgan Stanley. Wilson cautioned that the issuance of more than a billion dollars of T-bills “will effectively suck a bunch of liquidity out of the marketplace and may serve as the catalyst for the correction we have been forecasting”.

I am not trying to be a downramper, I have nothing to gain as I am fully invested. Just keeping my eyes open