all 6 comments

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

It's worse than that. The money supply makes no goddamned sense. Stonks just keep going up, PE ratios are through the roof. It looks like a goddamned house of cards.

[–]thefirststone 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

The debt ceiling narrative is a way to blame Republicans. It's policy, not an economic fact of life.

If they're willing to do this under Biden, you have more things to worry about thank stnoks.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

yeah hard to blame repubs when dems hold presidency, house and senate. But repubs in the senate can filibuster it, it'd need 60 votes meaning 10 from repubs which ain't happening. But filibuster is not mentioned in the constitution so why that need for 60 votes? Cuz enough dems like it that way so they can blame repibs for things. Mainly Manchin and Sinema but likely more that won't say it. So basically you can say raising the debt limit doesn't have enough democrat votes. But they could do it with reconciliation. That doesn't need 60 votes. Why not do that right away? They will eventually but are negotiating other things like infrastructure now to be part of it.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Oh yes, buy puts in October. ESPECIALLY this october. It could lose, but it could also very well make you bundles.

[–]IkeConn 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

In other news we get one October per year.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

october 1st is start of the federal fiscal year, books are supposed to be balanced by then