I heard an interesting intervi

2023-05-22

I heard an interesting interview on Bloomberg last week with a Washington economics reporter. She was quite well spoken, and had observed many debt cycles. She thought the debt stand off was political theater; the president and most in congress are responsible and do not want a default, but they have to show their respective bases that they are tough and fighting for (whatever their base wants), so they have to have several rounds. What I found most interesting was that she said she thought it would be a bad thing if they got a deal before Tuesday because that would leave too much time for thinking about it.

I hope she's right! $SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9970570213,"tweetId":"9970570213","gmtCreate":1684763515033,"gmtModify":1684763517954,"author":{"id":9000000000000169,"idStr":"9000000000000169","authorId":9000000000000169,"authorIdStr":"9000000000000169","name":"JohnnyYoung","avatar":"https://static.tigerbbs.com/df6a0fed4b2624034014be633476534a","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":115,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>I heard an interesting interview on Bloomberg last week with a Washington economics reporter. She was quite well spoken, and had observed many debt cycles. She thought the debt stand off was political theater; the president and most in congress are responsible and do not want a default, but they have to show their respective bases that they are tough and fighting for (whatever their base wants), so they have to have several rounds. What I found most interesting was that she said she thought it would be a bad thing if they got a deal before Tuesday because that would leave too much time for thinking about it.I hope she's right! <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> </body></html>","htmlText":"<html><head></head><body>I heard an interesting interview on Bloomberg last week with a Washington economics reporter. She was quite well spoken, and had observed many debt cycles. She thought the debt stand off was political theater; the president and most in congress are responsible and do not want a default, but they have to show their respective bases that they are tough and fighting for (whatever their base wants), so they have to have several rounds. What I found most interesting was that she said she thought it would be a bad thing if they got a deal before Tuesday because that would leave too much time for thinking about it.I hope she's right! <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> </body></html>","text":"I heard an interesting interview on Bloomberg last week with a Washington economics reporter. She was quite well spoken, and had observed many debt cycles. She thought the debt stand off was political theater; the president and most in congress are responsible and do not want a default, but they have to show their respective bases that they are tough and fighting for (whatever their base wants), so they have to have several rounds. What I found most interesting was that she said she thought it would be a bad thing if they got a deal before Tuesday because that would leave too much time for thinking about it. I hope she's right! $SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9970570213","repostId":0,"isVote":1,"tweetType":1,"viewCount":768,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPY",".SPX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":562,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9970570213"}