Will Congress repeat the 2011 "Gov Shutdown" again ?
- Thread starter lx008
- Start date
then June is a proper time for the routine :>
June is the time for the budget dance to end
Unless there is a "genuine" default... where the government says, "we're not going to pay on our obligations"... then it's all Kabuki theater.
each Kabuki play plot could be tricky
I dismiss the entire thing as a "tempest in a teapot".... all posturing for political gain and greed... but nothing material comes of it in the end.
I don't believe that congressional Republicans will ultimately cause a default. While the "Freedom" Caucus appears to be insane enough to blow up the economy. My assumption is that there are at least 5 sane Republicans in congress who will vote with Democrats on the discharge petition. It's also possible that courts will rule the debt ceiling unconstitutional for a number of different reasons (see NAGE lawsuit in Massachusetts).
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THAT'S about the way i figure it/
i did wonder if Ken G of Citadel was right \public forecasting increased vol....as the JUN 1sT or 15tH deadline get closer??LOL
Maybe. I wonder if he read the book\ Red Sea Rules. ??????,????I wondered also with US insane r+ d spending levels, for decades even with a VErY High probability of making a deal + gets done;
would US debt get another downgrade in next 52 weeks also??Most likely; but rpivate sector business is not hostage to that nonsense, even with increased vol............
Wave After Wave/ song >22,o777,0o0 million video views\Pat Green Motown Records.
US state dept issued a good stay away from Red Sea warning 2023;
one gentleman snickered ''there goes my vacation plansLOL
''