“…we know of no melt-up that had legs of more than a few months after the point that irrational exuberance went full retard, as is happening at this very moment.”
Category: debt ceiling
David Stockman Unveils The ‘Watchword For 2018’: ‘UNHINGED!’
“That refers to Wall Street, Washington, the Dems and the GOP, and all the far and near corners of the planet which are implicated in their collective follies.”
Trump’s Bizarre 48 Hours: DACA Flipflop, Debt Ceiling Deal, & New Bestie Schumer
And to the extent the fate of Harvey victims and markets were subjugated in his mind to his own approval ratings, the interests of his party were simply pushed aside altogether. Which apparently surprised a lot of Conservatives although I’m not sure why. Was anyone in the GOP really under the impression that Donald Trump cares one way or another about conservatism? Give me a break.Â
Boris The Bullet-Dodger.
Seemingly unwilling to risk any further damage to his already low approval ratings, Trump ultimately
Trump, Democrats Agree On Debt Limit Extension – Highlights, Reaction
DEMOCRATS, TRUMP AGREE TO DEBT LIMIT EXTENSION
TRUMP, CONGRESSIONAL LEADERS AGREED ON HARVEY, DEBT LIMIT, CR
SCHUMER, PELOSI: GOVT FUNDING, DEBT LIMIT EXTENSION TO DEC. 15
TRUMP, CONGRESS AGREE ON HARVEY AID, DEBT LIMIT, CR THRU DEC.15
American Apathy
There’s still quite a bit of confusion out there with regard to exactly what it
Death By A Thousand Cuts.
The bottom line is that between another powerful hurricane approaching the U.S. mainland, U.S. markets catching up with their global counterparts in terms of pricing in North Korea after the long weekend, the DACA decision which portends more bickering in Washington, and the looming debt ceiling debate (with the specter of a technical default showing up in today’s decidedly poor 4-week bill auction), it was death by a thousand cuts.
Thank God For Harvey? How A Natural Disaster May Have Averted A Fiscal Disaster
Whatever the case, the assumption here is that this will get done come hell or high water (with the latter having already arrived in Texas and the former well on its way between North Korea and Irma).
Harvey, The Debt Ceiling, And Why It Might Be Time To Fade The Pessimism
If you were following along last week, you know that more than a few commentators
Holiday Road.
“Well, that’s nothing to be proud of, Rusty…. 50 yaaaards.”
Freedom Caucus Stark Warning: Harvey Relief Can’t Be Trojan Horse For Debt-Ceiling
“That sends all the wrong message.”
Harvey Silver Lining: Odds Of Government Shutdown Fall To ‘Just’ 35%
Well, if you were looking for the silver lining in the catastrophic flooding that accompanied Hurricane Harvey, Goldman is happy to oblige.Â
‘Good Luck To Everybody’: It’s ‘Hard To Predict’ How Debt Ceiling, Government Shutdown Will Play Out
Do you still have questions about the looming debt ceiling debate and the possibility of
Blazing Saddles, Flying Sacks Of Heroin, And The Debt Ceiling
The situation is so surreal that reality is now its own joke.
‘It Would Push The U.S. Into Recession’: Barclays Weighs In On Debt Ceiling, Shutdown Risk
“A contraction of federal spending of this magnitude, the risk of default, sovereign reputational risk, and negative consequences for confidence and private sector behavior would likely push the economy into a recession if the situation persisted.”
Analysts: Trump’s Border Wall Comments ‘Dramatically Raise’ Risk Of Shutdown
“Trump’s commitment to securing funds for a border wall dramatically raises the spectre of a shutdown in October and his injurious relationship with Congressional Republican leadership further complicates the underlying calculus.”
Debt Ceiling: Here’s The Nightmare Scenario
Ok, I don’t know how much figurative “stock” you put in Mitch McConnell’s Monday promise that
Here’s What To Expect For Stocks If There’s A Government Shutdown…
“However, with generally elevated policy uncertainty, equities might stay more volatile as we near the debt limit deadline.”
‘This Is More Unpredictable Than Usual’: Goldman Is Worried About The Debt Ceiling
“Overall, the outlook for the debt limit feels a bit more uncertain this year than it did the last time around in 2015, in light of the new political dynamic.”
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