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MBM33

"Be Success in life is a journey of oneself being passionate and enthusiastic in achieving his aims"

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2023-05-27

AI, bubblely 💭 Bubble 😊😊 waiting for Tesla Elon Musk for AI's ,[Observation] [Eye]

Nvidia Stock Keeps Its Lofty Perch After Earnings — Is It A Buy?

2023-06-03

Politicians in the US seems tend towards slowly and boldly destroying their own beneficiary. I wonder why.

Debt Ceiling Crisis Averted For Now, But Just Wait Two Years

2023-05-13

"always gain a good learning curves and make the best way out of its with all the knowledges acquired to achieve the best possible desire of being successful"

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I wonder why.","listText":"Politicians in the US seems tend towards slowly and boldly&nbsp;destroying their own beneficiary. I wonder why.","text":"Politicians in the US seems tend towards slowly and boldly destroying their own beneficiary. I wonder why.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183256484335760","repostId":"1126571355","repostType":2,"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9979082524,"gmtCreate":1685189961168,"gmtModify":1685190190152,"author":{"id":"4146741337539372","authorId":"4146741337539372","name":"MBM33","avatar":"https://community-static.tradeup.com/news/29529efdce41a91c17b5cb906a93e18f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146741337539372","authorIdStr":"4146741337539372"},"themes":[],"htmlText":"AI, bubblely 💭 Bubble 😊😊 waiting for Tesla Elon Musk for AI's ,[Observation]&nbsp;[Eye]&nbsp;","listText":"AI, bubblely 💭 Bubble 😊😊 waiting for Tesla Elon Musk for AI's ,[Observation]&nbsp;[Eye]&nbsp;","text":"AI, bubblely 💭 Bubble 😊😊 waiting for Tesla Elon Musk for AI's ,[Observation] [Eye]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979082524","repostId":"1143162910","repostType":2,"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970320277,"gmtCreate":1683976460699,"gmtModify":1683980736398,"author":{"id":"4146741337539372","authorId":"4146741337539372","name":"MBM33","avatar":"https://community-static.tradeup.com/news/29529efdce41a91c17b5cb906a93e18f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146741337539372","authorIdStr":"4146741337539372"},"themes":[],"htmlText":"\"always gain a good learning curves and make the best way out of its&nbsp;with all the knowledges acquired to achieve the best possible desire of being successful\"","listText":"\"always gain a good learning curves and make the best way out of its&nbsp;with all the knowledges acquired to achieve the best possible desire of being successful\"","text":"\"always gain a good learning curves and make the best way out of its with all the knowledges acquired to achieve the best possible desire of being successful\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9970320277","isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000684","authorId":"9000000000000684","name":"BerniceCarter","avatar":"https://static.tigerbbs.com/043a4785c03f3218364bbe4043176dbc","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000684","authorIdStr":"9000000000000684"},"content":"Yes and totally agree with you. We’d better have a good learning.","text":"Yes and totally agree with you. We’d better have a good learning.","html":"Yes and totally agree with you. We’d better have a good learning."}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9979082524,"gmtCreate":1685189961168,"gmtModify":1685190190152,"author":{"id":"4146741337539372","authorId":"4146741337539372","name":"MBM33","avatar":"https://community-static.tradeup.com/news/29529efdce41a91c17b5cb906a93e18f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146741337539372","authorIdStr":"4146741337539372"},"themes":[],"htmlText":"AI, bubblely 💭 Bubble 😊😊 waiting for Tesla Elon Musk for AI's ,[Observation]&nbsp;[Eye]&nbsp;","listText":"AI, bubblely 💭 Bubble 😊😊 waiting for Tesla Elon Musk for AI's ,[Observation]&nbsp;[Eye]&nbsp;","text":"AI, bubblely 💭 Bubble 😊😊 waiting for Tesla Elon Musk for AI's ,[Observation] [Eye]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979082524","repostId":"1143162910","repostType":2,"repost":{"id":"1143162910","pubTimestamp":1685147376,"share":"https://ttm.financial/m/news/1143162910?lang=&edition=fundamental","pubTime":"2023-05-27 08:29","market":"us","language":"en","title":"Nvidia Stock Keeps Its Lofty Perch After Earnings — Is It A Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=1143162910","media":"Investor’s Business Daily","summary":"Nvidia (NVDA) is a giant in data centers and gaming, with AI chips a growth opportunity. A big earni","content":"<html><head></head><body><p>Nvidia (NVDA) is a giant in data centers and gaming, with AI chips a growth opportunity. A big earnings surge in late May added to already massive gains in 2023. Is Nvidia stock a buy as it keeps its lofty perch?</p><h2 style=\"text-align: start;\">Semiconductor, AI News</h2><p style=\"text-align: start;\">On May 24, graphics-chip maker Nvidia crushed Wall Street&#39;s targets for its fiscal first quarter on record data-center sales.</p><p style=\"text-align: start;\">Chief Executive Jensen Huang said his company is ramping up production to meet the massive demand for artificial intelligence (AI) technology.</p><p style=\"text-align: start;\">Customers are using NVDA chips for AI applications, including generative AI. In the tech industry&#39;s fierce battle for AI dominance, the advanced chips needed for generative AI, such as the ChatGPT chatbot, are key.</p><p style=\"text-align: start;\">For those looking for top large-cap stocks to buy now, here&#39;s a dive into NVDA stock.</p><h2 style=\"text-align: start;\">Nvidia Stock Technical Analysis</h2><p style=\"text-align: start;\">The chip stock surged more than 24% on earnings May 25 and extended gains on May 26.</p><p style=\"text-align: start;\">Shares set an intraday high of 394.80 on May 25, passing their prior record high of 346.47, reached in November 2021.</p><p style=\"text-align: start;\">On May 1, Nvidia stock had topped a 281.20 buy point from a three-weeks-tight pattern. Its most recent entry was support at the 10-week line last week, around 277.</p><p style=\"text-align: start;\">Shares are now way extended. In fact, NVDA stock is nearly 100% above its 200-day moving average. So, investors could consider taking profits now, but maybe not sell unless other red flags appear. Many leaders peak once they get 70%-100% above their 200-day lines.</p><p style=\"text-align: start;\">Year to date, Nvidia shares are now up more than 165% after crashing in 2022.</p><p style=\"text-align: start;\">NVDA earns an IBD Composite Rating of 98 out of 99. In other words, Nvidia stock has outperformed 99% of all other stocks in IBD&#39;s database in terms of combined technical and fundamental metrics.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1927bad320c35cdad5e3e3f406506911\" tg-width=\"1221\" tg-height=\"628\"/></p><p>Investors generally should focus on stocks with Comp Ratings of 90 or even 95 and above. Nvidia stock often earns a spot on the IBD 50, Big Cap 20 and Sector Leaders lists.</p><p style=\"text-align: start;\">The relative strength line made a record high May 26 with the stock, the IBD MarketSmith charts show. A rising RS line means that a stock is outperforming the S&amp;P 500. It is the blue line in the chart shown.</p><p style=\"text-align: start;\">The IBD Stock Checkup tool shows that NVDA carries a Relative Strength Rating of 99. That means it has outperformed 99% of all stocks in IBD&#39;s database over the past year.</p><p style=\"text-align: start;\">The iShares PHLX Semiconductor ETF (SOXX) holds both Nvidia stock and AMD stock.</p><h2 style=\"text-align: start;\">Nvidia Earnings</h2><p style=\"text-align: start;\">Nvidia&#39;s EPS Rating is 68 out of 99 and its SMR Rating is a B, on a scale of A to a worst E. The EPS rating compares a company&#39;s earnings growth to other stocks. Its SMR Rating gauges sales growth, profit margins and return on equity.</p><p style=\"text-align: start;\">On May 24, the chip giant delivered a massive, AI-fueled beat-and-raise report. The Nvidia earnings report, including a super-bullish sales forecast, drew superlatives on Wall Street.</p><p style=\"text-align: start;\">The Santa Clara, Calif.-based company earned an $1.09 a share on sales of $7.19 billion in the quarter ended April 30. On a year-over-year basis, Nvidia earnings dropped 20% while sales declined 13%.</p><p style=\"text-align: start;\">In Q1, Nvidia&#39;s data-center sales rose 14% to $4.28 billion. Its gaming-chip sales declined 38% to $2.24 billion.</p><p style=\"text-align: start;\">Analysts expect triple-digit earnings gains for the next several quarters, including the current quarter, which ends in July. They see Nvidia earnings rebounding more than 116% in fiscal 2024, on a 48% sales gain. Last year, Nvidia earnings fell 25% per share.</p><p style=\"text-align: start;\">Out of 47 analysts covering NVDA stock, 38 rate it a buy. Eight have a hold and one has a sell, according to FactSet.</p><h2 style=\"text-align: start;\">NVDA Backstory, Rivals</h2><p style=\"text-align: start;\">The fabless chipmaker pioneered graphics processing units, or GPUs, to make video games more realistic. It&#39;s expanding in AI chips, used in supercomputers, data centers and drug development.</p><p style=\"text-align: start;\">Nvidia&#39;s GPUs act as accelerators for central processing units, or CPUs, made by other companies.</p><p style=\"text-align: start;\">In addition, Nvidia chips are used for Bitcoin mining and self-driving electric cars.</p><p style=\"text-align: start;\">Nvidia has made a big push into metaverse applications.</p><p style=\"text-align: start;\">Fabless chip stocks include Qualcomm (QCOM), Broadcom (AVGO) and Monolithic Power Systems (MPWR).</p><p style=\"text-align: start;\">Currently, the fabless group ranks No. 18 out of 197 industry groups. Fabless companies design the hardware while outsourcing the manufacturing to a third-party firm.</p><p style=\"text-align: start;\">For the best returns, investors should focus on companies that are leading the market and their own industry group.</p><h2 style=\"text-align: start;\">Is Nvidia Stock A Buy?</h2><p style=\"text-align: start;\">On a fundamental level, Nvidia earnings are expected to return to growth. They should more than double this fiscal year, driven by booming chip sales for data centers and artificial intelligence.</p><p style=\"text-align: start;\">The fabless chipmaker is expanding in other growth areas such as automated electric cars and cloud gaming as well. The adoption of the metaverse and cryptocurrencies could further stoke demand for Nvidia chips.</p><p style=\"text-align: start;\">However, macroeconomic uncertainties and risk of global recession linger.</p><p style=\"text-align: start;\">NVDA stock has staged a strong comeback in 2023, soaring 165%. But shares are far beyond the proper buy range, and they may due for a pullback. Nvidia&#39;s latest earnings report renewed investor confidence in its AI leadership.</p><p style=\"text-align: start;\">Bottom line: Nvidia stock is not a buy. After another spike on earnings, NVDA looks lofty and existing investors could take some profits off the table. As a leading chip company with exposure to top end-markets, Nvidia is always one to watch.</p></body></html>","source":"lsy1671069246760","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Stock Keeps Its Lofty Perch After Earnings — Is It A Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Stock Keeps Its Lofty Perch After Earnings — Is It A Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-27 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/nvidia-stock-2023-buy-now/><strong>Investor’s Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia (NVDA) is a giant in data centers and gaming, with AI chips a growth opportunity. A big earnings surge in late May added to already massive gains in 2023. Is Nvidia stock a buy as it keeps its ...</p>\n\n<a href=\"https://www.investors.com/news/nvidia-stock-2023-buy-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.investors.com/news/nvidia-stock-2023-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143162910","content_text":"Nvidia (NVDA) is a giant in data centers and gaming, with AI chips a growth opportunity. A big earnings surge in late May added to already massive gains in 2023. Is Nvidia stock a buy as it keeps its lofty perch?Semiconductor, AI NewsOn May 24, graphics-chip maker Nvidia crushed Wall Street's targets for its fiscal first quarter on record data-center sales.Chief Executive Jensen Huang said his company is ramping up production to meet the massive demand for artificial intelligence (AI) technology.Customers are using NVDA chips for AI applications, including generative AI. In the tech industry's fierce battle for AI dominance, the advanced chips needed for generative AI, such as the ChatGPT chatbot, are key.For those looking for top large-cap stocks to buy now, here's a dive into NVDA stock.Nvidia Stock Technical AnalysisThe chip stock surged more than 24% on earnings May 25 and extended gains on May 26.Shares set an intraday high of 394.80 on May 25, passing their prior record high of 346.47, reached in November 2021.On May 1, Nvidia stock had topped a 281.20 buy point from a three-weeks-tight pattern. Its most recent entry was support at the 10-week line last week, around 277.Shares are now way extended. In fact, NVDA stock is nearly 100% above its 200-day moving average. So, investors could consider taking profits now, but maybe not sell unless other red flags appear. Many leaders peak once they get 70%-100% above their 200-day lines.Year to date, Nvidia shares are now up more than 165% after crashing in 2022.NVDA earns an IBD Composite Rating of 98 out of 99. In other words, Nvidia stock has outperformed 99% of all other stocks in IBD's database in terms of combined technical and fundamental metrics.Investors generally should focus on stocks with Comp Ratings of 90 or even 95 and above. Nvidia stock often earns a spot on the IBD 50, Big Cap 20 and Sector Leaders lists.The relative strength line made a record high May 26 with the stock, the IBD MarketSmith charts show. A rising RS line means that a stock is outperforming the S&P 500. It is the blue line in the chart shown.The IBD Stock Checkup tool shows that NVDA carries a Relative Strength Rating of 99. That means it has outperformed 99% of all stocks in IBD's database over the past year.The iShares PHLX Semiconductor ETF (SOXX) holds both Nvidia stock and AMD stock.Nvidia EarningsNvidia's EPS Rating is 68 out of 99 and its SMR Rating is a B, on a scale of A to a worst E. The EPS rating compares a company's earnings growth to other stocks. Its SMR Rating gauges sales growth, profit margins and return on equity.On May 24, the chip giant delivered a massive, AI-fueled beat-and-raise report. The Nvidia earnings report, including a super-bullish sales forecast, drew superlatives on Wall Street.The Santa Clara, Calif.-based company earned an $1.09 a share on sales of $7.19 billion in the quarter ended April 30. On a year-over-year basis, Nvidia earnings dropped 20% while sales declined 13%.In Q1, Nvidia's data-center sales rose 14% to $4.28 billion. Its gaming-chip sales declined 38% to $2.24 billion.Analysts expect triple-digit earnings gains for the next several quarters, including the current quarter, which ends in July. They see Nvidia earnings rebounding more than 116% in fiscal 2024, on a 48% sales gain. Last year, Nvidia earnings fell 25% per share.Out of 47 analysts covering NVDA stock, 38 rate it a buy. Eight have a hold and one has a sell, according to FactSet.NVDA Backstory, RivalsThe fabless chipmaker pioneered graphics processing units, or GPUs, to make video games more realistic. It's expanding in AI chips, used in supercomputers, data centers and drug development.Nvidia's GPUs act as accelerators for central processing units, or CPUs, made by other companies.In addition, Nvidia chips are used for Bitcoin mining and self-driving electric cars.Nvidia has made a big push into metaverse applications.Fabless chip stocks include Qualcomm (QCOM), Broadcom (AVGO) and Monolithic Power Systems (MPWR).Currently, the fabless group ranks No. 18 out of 197 industry groups. Fabless companies design the hardware while outsourcing the manufacturing to a third-party firm.For the best returns, investors should focus on companies that are leading the market and their own industry group.Is Nvidia Stock A Buy?On a fundamental level, Nvidia earnings are expected to return to growth. They should more than double this fiscal year, driven by booming chip sales for data centers and artificial intelligence.The fabless chipmaker is expanding in other growth areas such as automated electric cars and cloud gaming as well. The adoption of the metaverse and cryptocurrencies could further stoke demand for Nvidia chips.However, macroeconomic uncertainties and risk of global recession linger.NVDA stock has staged a strong comeback in 2023, soaring 165%. But shares are far beyond the proper buy range, and they may due for a pullback. Nvidia's latest earnings report renewed investor confidence in its AI leadership.Bottom line: Nvidia stock is not a buy. After another spike on earnings, NVDA looks lofty and existing investors could take some profits off the table. As a leading chip company with exposure to top end-markets, Nvidia is always one to watch.","news_type":1},"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183256484335760,"gmtCreate":1685761671264,"gmtModify":1685762739956,"author":{"id":"4146741337539372","authorId":"4146741337539372","name":"MBM33","avatar":"https://community-static.tradeup.com/news/29529efdce41a91c17b5cb906a93e18f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146741337539372","authorIdStr":"4146741337539372"},"themes":[],"htmlText":"Politicians in the US seems tend towards slowly and boldly&nbsp;destroying their own beneficiary. I wonder why.","listText":"Politicians in the US seems tend towards slowly and boldly&nbsp;destroying their own beneficiary. I wonder why.","text":"Politicians in the US seems tend towards slowly and boldly destroying their own beneficiary. I wonder why.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183256484335760","repostId":"1126571355","repostType":2,"repost":{"id":"1126571355","pubTimestamp":1685756118,"share":"https://ttm.financial/m/news/1126571355?lang=&edition=fundamental","pubTime":"2023-06-03 09:35","market":"us","language":"en","title":"Debt Ceiling Crisis Averted For Now, But Just Wait Two Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1126571355","media":"Bloomberg","summary":"Risking financial crisis is now a regular Washington thingGOP won concessions by taking US to brink ","content":"<html><head></head><body><ul><li><p>Risking financial crisis is now a regular Washington thing</p></li><li><p>GOP won concessions by taking US to brink of default</p></li></ul><p>The last-minute deal to raise the debt limit averted a US default, but risks making brinkmanship over federal borrowing a seasonal event as lawmakers wage fiscal war in Washington.</p><p style=\"text-align: start;\">The agreement now awaits President Joe Biden’s signature just before a June 5 default deadline, capping weeks of bitter negotiations that strained Treasury markets. It will cost taxpayers as investors absorb a new normal.</p><p style=\"text-align: start;\">The US has had an extraordinary ability to borrow at low cost because global financial markets treat Treasury securities as the benchmark for risk-free debt. Yet at points in May in the heat of the negotiations, investors demanded yields surpassing 7% on Treasury bills maturing around the projected default date, treating them as similar to junk debt. </p><p>The idea that repayment of US Treasury debt would be a major battleground in the clash between political parties was jarring the first time Congress neared the fiscal cliff, when Tea Party Republicans employed the strategy in 2011. </p><p style=\"text-align: start;\">The newly empowered GOP House majority of that time made holding up a debt limit increase the focal point of their campaign to wring broad fiscal changes from President Barack Obama. A deal was struck no more than 48 hours before the default date. And even though the US didn’t miss a payment, the drama prompted a downgrade in the nation’s credit rating and a stock market slide.</p><p style=\"text-align: start;\">Once again this year, the threat of default has been the instrument a newly empowered opposition party has used to assert authority in a divided government. Regardless of whether conservatives believe House Speaker Kevin McCarthy didn’t deliver enough on their priorities, the threat was effective in forcing concessions from Biden.</p><p style=\"text-align: start;\">In other words, the default crisis works. </p><p>The willingness to take the nation to the financial cliff reflects a broader shattering of governing norms as the US is more polarized. Compared to protesters storming the US Capitol because their candidate lost an election, a potential missed debt payment doesn’t seem to most voters all that bad. And it flows from the Republican Party’s new populist energy pushing the GOP away from its traditionally strong ties to corporate America.</p><p style=\"text-align: start;\">Fitch Ratings pointed to political strains that transcend individual leaders when it announced Friday that it would keep the nation on credit watch despite congressional approval of the debt-limit deal. </p><p style=\"text-align: start;\">“There has been a steady deterioration in governance over the last 15 years, with increased political polarization and partisanship as witnessed by the contested 2020 election, repeated brinkmanship over the debt limit and failure to tackle fiscal challenges,” the ratings agency said in a statement explaining its reasoning.</p><p style=\"text-align: start;\">The budget bill reduces projected cumulative deficits over the next decade and ensures the US will continue to meet its commitments, Treasury Department Spokeswoman Lily Adams said in a written response to questions. “The Treasury market remains the safest, deepest and most liquid market in the world,” she said.</p><p style=\"text-align: start;\">Michael Gapen, an economist for Bank of America, warned in a note to clients Friday that partisan divisions leave open the risk of a US government shutdown later this year despite the spending guideposts enshrined in the debt-limit deal.</p><p style=\"text-align: start;\">“While one brinkmanship risk has been removed from the table, one remains,” Gapen wrote.</p><p>The US is unusual among major democracies in having a debt limit that can be a catalyst for crisis. Congress established the debt limit in 1917 as a way to handle a flood of borrowing to finance World War I and then raised it as needed.</p><p style=\"text-align: start;\">Biden held out for months — “97 days” was McCarthy’s mantra of complaint — refusing to open talks with congressional Republicans and demanding a debt ceiling increase with no strings attached. But he gave in as the default date neared and the GOP House delivered him a debt increase authorization laden with conditions. </p><p style=\"text-align: start;\">The latest drama has spurred Biden and other Democrats to search for ways to remove the threat of debt default from Washington’s partisan fights. </p><p style=\"text-align: start;\">“This debt limit makes no sense at all. We ought to get rid of it,” Representative Jim Clyburn, Democrats’ former No. 3 House leader, said Thursday on Bloomberg Television’s “Balance of Power.”</p><p style=\"text-align: start;\">The Biden administration had been reluctant to use as a workaround an untested interpretation of a clause in the Constitution’s 14th Amendment that some legal scholars argue removes the necessity of a debt increase to cover spending already authorized by Congress. </p><p style=\"text-align: start;\">Treasury officials have long disliked the option because of fears that investors would demand higher interest rates on US debt if repayment was subject to legal dispute.</p><p style=\"text-align: start;\">But Biden seemed to be warming to the option on Sunday as he announced the debt deal with McCarthy after weeks of fitful negotiations.</p><p style=\"text-align: start;\">“I am exploring the idea,” Biden said, adding that any decision would come “at a later date, a year or two from now.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDebt Ceiling Crisis Averted For Now, But Just Wait Two Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-03 09:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-06-02/debt-ceiling-crisis-averted-for-now-but-just-wait-two-years?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Risking financial crisis is now a regular Washington thingGOP won concessions by taking US to brink of defaultThe last-minute deal to raise the debt limit averted a US default, but risks making ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-06-02/debt-ceiling-crisis-averted-for-now-but-just-wait-two-years?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2023-06-02/debt-ceiling-crisis-averted-for-now-but-just-wait-two-years?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126571355","content_text":"Risking financial crisis is now a regular Washington thingGOP won concessions by taking US to brink of defaultThe last-minute deal to raise the debt limit averted a US default, but risks making brinkmanship over federal borrowing a seasonal event as lawmakers wage fiscal war in Washington.The agreement now awaits President Joe Biden’s signature just before a June 5 default deadline, capping weeks of bitter negotiations that strained Treasury markets. It will cost taxpayers as investors absorb a new normal.The US has had an extraordinary ability to borrow at low cost because global financial markets treat Treasury securities as the benchmark for risk-free debt. Yet at points in May in the heat of the negotiations, investors demanded yields surpassing 7% on Treasury bills maturing around the projected default date, treating them as similar to junk debt. The idea that repayment of US Treasury debt would be a major battleground in the clash between political parties was jarring the first time Congress neared the fiscal cliff, when Tea Party Republicans employed the strategy in 2011. The newly empowered GOP House majority of that time made holding up a debt limit increase the focal point of their campaign to wring broad fiscal changes from President Barack Obama. A deal was struck no more than 48 hours before the default date. And even though the US didn’t miss a payment, the drama prompted a downgrade in the nation’s credit rating and a stock market slide.Once again this year, the threat of default has been the instrument a newly empowered opposition party has used to assert authority in a divided government. Regardless of whether conservatives believe House Speaker Kevin McCarthy didn’t deliver enough on their priorities, the threat was effective in forcing concessions from Biden.In other words, the default crisis works. The willingness to take the nation to the financial cliff reflects a broader shattering of governing norms as the US is more polarized. Compared to protesters storming the US Capitol because their candidate lost an election, a potential missed debt payment doesn’t seem to most voters all that bad. And it flows from the Republican Party’s new populist energy pushing the GOP away from its traditionally strong ties to corporate America.Fitch Ratings pointed to political strains that transcend individual leaders when it announced Friday that it would keep the nation on credit watch despite congressional approval of the debt-limit deal. “There has been a steady deterioration in governance over the last 15 years, with increased political polarization and partisanship as witnessed by the contested 2020 election, repeated brinkmanship over the debt limit and failure to tackle fiscal challenges,” the ratings agency said in a statement explaining its reasoning.The budget bill reduces projected cumulative deficits over the next decade and ensures the US will continue to meet its commitments, Treasury Department Spokeswoman Lily Adams said in a written response to questions. “The Treasury market remains the safest, deepest and most liquid market in the world,” she said.Michael Gapen, an economist for Bank of America, warned in a note to clients Friday that partisan divisions leave open the risk of a US government shutdown later this year despite the spending guideposts enshrined in the debt-limit deal.“While one brinkmanship risk has been removed from the table, one remains,” Gapen wrote.The US is unusual among major democracies in having a debt limit that can be a catalyst for crisis. Congress established the debt limit in 1917 as a way to handle a flood of borrowing to finance World War I and then raised it as needed.Biden held out for months — “97 days” was McCarthy’s mantra of complaint — refusing to open talks with congressional Republicans and demanding a debt ceiling increase with no strings attached. But he gave in as the default date neared and the GOP House delivered him a debt increase authorization laden with conditions. The latest drama has spurred Biden and other Democrats to search for ways to remove the threat of debt default from Washington’s partisan fights. “This debt limit makes no sense at all. We ought to get rid of it,” Representative Jim Clyburn, Democrats’ former No. 3 House leader, said Thursday on Bloomberg Television’s “Balance of Power.”The Biden administration had been reluctant to use as a workaround an untested interpretation of a clause in the Constitution’s 14th Amendment that some legal scholars argue removes the necessity of a debt increase to cover spending already authorized by Congress. Treasury officials have long disliked the option because of fears that investors would demand higher interest rates on US debt if repayment was subject to legal dispute.But Biden seemed to be warming to the option on Sunday as he announced the debt deal with McCarthy after weeks of fitful negotiations.“I am exploring the idea,” Biden said, adding that any decision would come “at a later date, a year or two from now.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970320277,"gmtCreate":1683976460699,"gmtModify":1683980736398,"author":{"id":"4146741337539372","authorId":"4146741337539372","name":"MBM33","avatar":"https://community-static.tradeup.com/news/29529efdce41a91c17b5cb906a93e18f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146741337539372","authorIdStr":"4146741337539372"},"themes":[],"htmlText":"\"always gain a good learning curves and make the best way out of its&nbsp;with all the knowledges acquired to achieve the best possible desire of being successful\"","listText":"\"always gain a good learning curves and make the best way out of its&nbsp;with all the knowledges acquired to achieve the best possible desire of being successful\"","text":"\"always gain a good learning curves and make the best way out of its with all the knowledges acquired to achieve the best possible desire of being successful\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9970320277","isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000684","authorId":"9000000000000684","name":"BerniceCarter","avatar":"https://static.tigerbbs.com/043a4785c03f3218364bbe4043176dbc","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000684","authorIdStr":"9000000000000684"},"content":"Yes and totally agree with you. We’d better have a good learning.","text":"Yes and totally agree with you. We’d better have a good learning.","html":"Yes and totally agree with you. We’d better have a good learning."}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}