Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

bucolic_frolic

(47,379 posts)

5. Multiple

Reply to Tansy_Gold (Original post)

Tue May 2, 2023, 07:12 AM

May 2023

Guru's that I follow agree a reckoning is nigh. Not sure if the bet's off if the Fed suddenly pauses, pivots. Bank failures, inflation, Federal budget crisis, bond yields, yield curve. I have an inverse S&P ETF, underwater, but holding.

I think we will default. Rethugs think they're on a roll and nothing is too extreme, they think trying to damage Biden helps them, and Donnie is holding their feet to the fire. Some pundits even think money market funds are in peril. We live in fragile times.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

5 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Tuesday, 2 May 2023 [View all] Tansy_Gold May 2023 OP

Yellen just announced X Date for default is June 1 Fiendish Thingy May 2023 #1

Let the brinksmanship...BEGIN!!! nt Shermann May 2023 #2

It's gonna get . . . . Tansy_Gold May 2023 #3

The Republicans have blinked in the past Warpy May 2023 #4

Multiple bucolic_frolic May 2023 #5