
What's Driving Global Markets? Live AMA with Raoul Pal
Real Vision: Finance & Investing
00:00
Liquidity and the Debt Ceiling
The markets will fall after the debt ceiling gets resolved because liquidity will fall. And we saw this in 2011 when the S&P felt 20%. Now, what it did was correct 76% of the rally that it had. Could we see a similar move here as the shenanigans around the debt ceiling mean that the TGA gets rebuilt? Yes,. which is why I said, listen, there's going to be a correction here at some point but it may be from higher than here.
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