ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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sunabeach

To: ajtj99 who wrote (29396)	6/29/2021 7:53:49 PM
From: Brian Sullivan	1 Recommendation Read Replies (1) of 96842

I am thinking that there will be a market correction in August: Yellen Says U.S. Could Breach Debt Limit Deadline in August if Congress Doesn’t Act Treasury secretary urges lawmakers to raise or suspend borrowing limit Congress in 2019 suspended the borrowing limit, or debt ceiling, through July 31, 2021. After that, the Treasury Department won’t be able to raise additional cash through the sale of government securities and would need to deploy emergency measures to keep paying the government’s obligations, as it has in the past. The warning from Ms. Yellen could put pressure on Congress to act sooner than it has in the past to lift the borrowing limit. Lawmakers are scheduled to leave for their summer recess at the end of July and aren’t scheduled to return to Washington until September wsj.com and the Fed meeting in Jackson Hole is in August Enjoy the first half of July

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