America’s fiscal comedy has never been so deadly serious

YahooFinancee-The Telegraph/Ambrose Evans-Pritchard/5-12-2023

“It is barely two years since 147 Republicans in Congress voted to overturn the presidential election, in spirit with the mob that stormed Capitol Hill on January 6 2021. Whether or not you deem this insurrection to be an attempted coup, it indisputably tells us that time-honoured conventions in Washington no longer apply. Anything can happen.”

USAGOLD note: Investors for the most part take a ho-hum approach to the debt celing but as we have mentioned before there is sizable group of analysts and pundits, like Evans-Pritchard, who are less than casual about the situation.