I think it’s also being used as a distraction and delay tactic. Remember, it was all, “Yellen says we only have until June 1st!!” Then, miraculously, it became, “Yellen says it’s June 5th now!!!”
Which makes me think we actually do have enough assets to pay our debts, and that the Fed is just doing what the Fed always does best—toying with the populace and the markets through fear porn.
If the Senate does not pass, we have got to believe the "White Hats" have had enough time to come up with a contingency plan. We are tittering at the apex of the roller coaster. It is going to be one hell of a ride on the way down, only to be saved around a sharp bend in the end.
Is it really a showdown?
I think it’s also being used as a distraction and delay tactic. Remember, it was all, “Yellen says we only have until June 1st!!” Then, miraculously, it became, “Yellen says it’s June 5th now!!!”
Which makes me think we actually do have enough assets to pay our debts, and that the Fed is just doing what the Fed always does best—toying with the populace and the markets through fear porn.
If the Senate does not pass, we have got to believe the "White Hats" have had enough time to come up with a contingency plan. We are tittering at the apex of the roller coaster. It is going to be one hell of a ride on the way down, only to be saved around a sharp bend in the end.
The Senate approval puts in another dip.
The only way up is through.