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breaking news Worries about the US debt ceiling – justified or not?

This isn’t the first time this has become a problem over the years and it certainly won’t be the last. Time and time again we have reached this point, but each time before it resolves itself somehow.

Yes, we may have run close to the deadline and it once again seems to be. But is it this time Really so different?

After talks were pushed back last week, the latest headlines suggest we are no closer to an agreement with reports over the weekend suggesting things are backing down. Meanwhile, Yellen reaffirmed that June 1 will be the “deadline” but I’d bet it’s somewhere around the first week of June.

But whatever the case, I’m inclined to think it will be resolved again no matter what – as it has been in every other case over the past three to four decades. It is economic suicide to let the debt ceiling talks lapse and the politicians really should know better, despite their temerity.

It’s a game of chicken where both parties want to win and neither wants to accept a loss so to speak. But in a case where nobody loses means everyone loses, then it will be in the best interest to find a solution instead.

The typical playbook whenever it comes to debt ceiling issues is to buy value, sell hysteria – like any other risk/fear event. And if we see more fear appearing in risky trades over the coming week, I would say that should be the game once again this time around.


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