Wall Street fears $1 trillion aftershock from debt deal

Bloomberg/Liz McCormick and Alex Harris/5-18-2023

cartoon showing a boat riding the rising tide“[A debt ceiling agreement] doesn’t mean the economy will escape unscathed, not just from the bruising standoff but also as a result of the Treasury’s efforts to return to business as usual once it can ramp up borrowing.”

USAGOLD note: Be careful what you wish for …… Penso Advisors’ Ari Bergmann sees a confluence factors swamping the bond market all at the same time.

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