Bank of America CEO Brian Moynihan on Monday said the firm is preparing for the U.S. to default on its debt after surpassing its borrowing limit last month.
Lawmakers are locked in talks about whether to lift the debt ceiling, with Republicans insisting on spending cuts before a deal to raise the limit is struck, and economists are warning of financial crisis if a default does occur.
https://thehill.com/policy/finance/3845901-bank-of-america-ceo-preparing-for-us-debt-default/amp/
Join Slavyangrad chat. Your opinion matters. https://t.me/+PUg0rQrZdiw4YWFh
@Slavyangrad Join SLG 🔺 Intelligence Briefings, Strategy and Analysis, Expert Community
Will it effect the EU and Turkey?
The crash will be worldwide. They are saying this is bigger than the Great Depression.
Im ready for it. I'm selling black herbal infused coffee without a license, using a little cart. No cream or sugar. Getting $5 for 16oz cup. Getting a lot of regulars.
Better have a backup plan. In a real financial crisis, the number of idiots you can regularly fleece for $5 for a cup of black java will plunge sharply.
Did you miss the herb infused part?