Janet Yellen just warned of more bank failures to come.t.co/eRNWyF40LV
Good thing to learn on a Friday afternoon at the same time that debt ceiling talks are suspended. pic.twitter.com/J1EHKFFZpu
— Mac10 (@SuburbanDrone) May 19, 2023
This country is a mess and the legacy media loves to divide people. All one big game
WASHINGTON — High-stakes talks over raising the debit limit abruptly came to a halt Friday on Capitol Hill, after Republican negotiators walked out of the room and blamed the White House for holding up discussions.
“Until people are willing to have reasonable conversations about how you can actually move forward and do the right thing, then we’re not gonna sit here and talk to ourselves,” Rep. Garret Graves, R-La., told reporters.
“We decided to press pause because it’s just not productive,” he added. Graves said he did not know if talks would resume this weekend.
Financial markets dipped on the news, which came after a positive week of talks that appeared to signal a deal was close. The break in negotiations came just a day after House Speaker Kevin McCarthy said he was optimistic that congressional negotiators could reach a deal in time to hold a House vote on it next week.
“I see the path that we can come to an agreement,” McCarthy said Thursday
www.cnbc.com/2023/05/19/debt-ceiling-republicans-pause-negotiations-with-white-house.html
Ray Dalio has said: "Increasing the debt limit the way Congress and presidents have repeatedly done, and most likely will do this time around, will mean there will be no meaningful limit on the debt. This will eventually lead to a disastrous financial collapse."
— unusual_whales (@unusual_whales) May 19, 2023
'We are approaching that tipping point in which the amount of debt sold by the government will be greater than the demand for it, putting the central bank in an untenable position.' t.co/J1HlwL8Gmk by @RayDalio pic.twitter.com/u6TUcKMQFG
— Jesse Felder (@jessefelder) May 18, 2023
The true debt with unfunded obligations comes to $106 trillion. Roughly $833,000 per American who pays income tax.
At some point it's pure fantasy. t.co/Ggdv6VzuEh
— Peter St Onge, Ph.D. (@profstonge) May 18, 2023
Today is the last day of the month to keep the market artificially bid using call options.
FYI. pic.twitter.com/miXKqs1QEz
— Mac10 (@SuburbanDrone) May 19, 2023