6min chapter

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52. PJ Pierre & Zed Francis - Are any banks solvent?

Mutiny Investing Podcast

CHAPTER

The Debt Ceiling and the Market

The debt ceiling is set to be raised on June 15th. The market isn't really thinking there's a lot of risk here, says John Defterios. But hitting the debt ceiling just creates this procyclical race to the bottom where the government is forced to immediately cut spending and income.

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