Congress has 12 working days to raise the nation's debt ceiling when it returns from vacation on September 29. If a new debt ceiling deal isn't reached by October 12th the US government could default on its loans to the Federal Reserve which would crash the dollar and the US equity markets. The debt ceiling has been raised 78 times in the last 57 years.
I didn't give the debt ceiling countdown much thought until I found out the Fed. Vice President, Stanley Fischer is quitting his job on October 13th (Friday). It appears he's not sticking around for all the fun...
Congress has 12 working days to avoid an economic disaster — and there's good reason to panic
http://www.businessinsider.com/debt-cei ... ise-2017-8
Why There Will Be No 11th Hour Debt Ceiling Deal
http://www.zerohedge.com/news/2017-08-1 ... iling-deal
Bill Blain: "My Prediction Is That Around October 12 Markets Will Get Horribly Interesting"
http://www.zerohedge.com/news/2017-05-2 ... nteresting
Bill Blain: "I’ve Got October 12th As The Day The Big Equity Crash Occurs"
http://www.zerohedge.com/news/2017-08-3 ... ash-occurs
Fischer to Step Down in Mid-October
https://www.bloomberg.com/news/articles ... esignation
Debt Ceiling Countdown
Debt Ceiling Countdown
Paranoia is just having the right information. - William S. Burroughs
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 1484 Views
-
Last post by Taco
-
- 5 Replies
- 2914 Views
-
Last post by tre
-
- 33 Replies
- 5371 Views
-
Last post by Tsar
-
- 0 Replies
- 1802 Views
-
Last post by jamesbond
-
- 1 Replies
- 3259 Views
-
Last post by Paloaltoguy