President Joe Biden and US congressional leaders are planning to meet on Tuesday to resume debt limit negotiations as the clock ticks down to the crunch point when the US will be forced to default. Kathleen Hays reports on Bloomberg Television.
——–
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
White House Sees Progress on Debt Talks
Thanks! Share it with your friends!
AGAIN AND AGAIN ——- >. GOLD PRICE HAS NO OTHER OPTIONS BUT TO GO UP TO THE RANGE OF 3K$ – 3.5K$ THIS YEAR AND OIL PRICE IS GETTING BACK TO ITS 130$ – 140$ BB/LS THIS YEAR = THE OPEC+ WILL CUT MORE AND MORE AND MORE THEIR PRODUCTION BECAUSE OF TOOOOOOOOOOOOO MUCH DEBT OF THEIR BUYERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
THE BOTTOM LINE IS THAT ———- >. IT WILL BE REALLY REALLY REALLY REALLY BETTER THAT THIS TIME US ECONOMY GOES BANKRUPTCY TOTALLY AND START ALL OVER AGAIN FROM THE BOTTOM FOR THE NEXT GENERATION OR THERE WILL BE NO WAY TO REDUCE THE BIGGEST EVER DEBT PROBLEMS SINCE THE BEGINNING OF THE 20TH CENTURY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
TECH SECTOR LED BY NASDAQ IS GOING DOWN AND DOWN AND DOWN AND DOWN MUCH FASTER THAN MARKET'S EXPECTATIONS BECAUSE THE EXPECTATION OF LABOR PRODUCTIVITY BY ROBOT + AUTOMATION ETC HAS BEEN IN A. HUGE UNREALISTIC TERRITORY THAT EVEN IF LABOR PRODUCTIVITY IMPROVES WITH NEW TECHS IT DOES NOT MEAN IT CAN INCREASE CONSUMPTION OF PEOPLE BECAUSE OF AGING PROBLEMS + TOO MUCH DEBT PROBLEMS OF THE CONSUMERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN THERE ARE MORE AND MORE AND MORE AND MORE PENSION FUNDS GOING TO INSOLVENCY EVERYWHERE IN USA CHINA EUROPE THIS YEAR!!!!!!!!!!!!!!!:) < ——- NO QUESTION ABOUT IT AND INDEED WE ARE SEEING THE END OF CURRENCIES!!!!!!!!!!!!!:)
AGAIN AND AGAIN THAT MATH NEVER TELL YOU A LIE!!!!!!!!!!!!!!!!!!!!!:) ——— >. IN THEORY THE US FED FUDNS RATE SHOULD HAVE BEEN IN THE RANGE OF +8(.25%) +/- BY MAY OF 2023YR ———– >. WOW!!!!!!!!! NOW (-)300BP BEHIND THE CURVE TO DEAL WITH THE MOST SEVERE EVER DEBT PROBLEMS IN THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ——- > ESP US FED'S MAY OF 2021YR ITS 10YR YIELD WAS + 1.5% – US FED'S FUNDS RATE + 0.25% = WOW!!!!!!!!!!(+) 125BP HOWEVER NOW MAY OF 2023YR THE US 10YR YIELD IS + 3.5% – THE FED FUNDS RATE + 5.25% = (-) 175BP!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS US FED IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
IN THEORY THE US FED FUDNS RATE SHOULD HAVE BEEN IN THE RANGE OF +8(.25%) +/- BY MAY OF 2023YR ———– >. WOW!!!!!!!!! NOW (-)300BP BEHIND THE CURVE TO DEAL WITH THE MOST SEVERE EVER DEBT PROBLEMS IN THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ——- > ESP US FED'S MAY OF 2021YR ITS 10YR YIELD WAS + 1.5% – US FED'S FUNDS RATE + 0.25% = WOW!!!!!!!!!!(+) 125BP HOWEVER NOW MAY OF 2023YR THE US 10YR YIELD IS + 3.5% – THE FED FUNDS RATE + 5.25% = (-) 175BP!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS US FED IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
WHAT ABOUT OTHER CENTRAL BANKS LIKE PBOC + ECB + BOJ + BOK + ALMOST ALL OF EM CENTRAL BANKS HAVE FAILED TO REDUCE THEIR DEBT PROBLEMS BUT MORE AND MORE AND MORE AND MORE DEBT PROBLEMS ARE MOUNTING AND MOUNTING AND MOUNTING NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGIAN WHO IS BUYING THE FED'S 9T$ BALANCE SHEET? ——– > THE FED MUST ADMIT THAT IT HAS ALREADY FAILED TO RUNDOWN THE TREMENDOUS DEBT = THE 9T$ BALANCE SHEET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AS I'VE SAID MANY TIMES ALREADY THAT THE CURSE OF LOW INTEREST RATE HAS FULLY BEGUN THAT ——– >. AGAIN AND AGAIN THERE ARE MORE AND MORE AND MORE AND MORE PENSION FUNDS GOING TO INSOLVENCY EVERYWHERE IN USA CHINA EUROPE THIS YEAR!!!!!!!!!!!!!!!:) < ——- NO QUESTION ABOUT IT AND INDEED WE ARE SEEING THE END OF CURRENCIES!!!!!!!!!!!!!:)
IN THEORY THE US FED FUDNS RATE SHOULD HAVE BEEN IN THE RANGE OF +8(.25%) +/- BY MAY OF 2023YR ———– >. WOW!!!!!!!!! NOW (-)300BP BEHIND THE CURVE TO DEAL WITH THE MOST SEVERE EVER DEBT PROBLEMS IN THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ——- > ESP US FED'S MAY OF 2021YR ITS 10YR YIELD WAS + 1.5% – US FED'S FUNDS RATE + 0.25% = WOW!!!!!!!!!!(+) 125BP HOWEVER NOW MAY OF 2023YR THE US 10YR YIELD IS + 3.5% – THE FED FUNDS RATE + 5.25% = (-) 175BP!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS US FED IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)