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Give Me Some Truth Honey-Badger Aug 23, 2017 12:29 PM
NOTED:
“Our firm belief that the debt ceiling will be lifted removes a profound risk from the political landscape …”
So, as I’ve posted several times already, the debt ceiling extension will actually be celebrated – and be spun as great news – causing the stock market to rip even higher and providing an excellent excuse to knock gold and silver down even more.
This is in contrast to Dave Stockman’s view that the impending “debt ceiling debate” will spawn a crisis and change the markets’ status quo.
Now it is bizarre that any measure to allow Congress and the Fed to print money to infinity would be celebrated and indeed be cited as a valid reason to hammer precious metals, but in our Alice-in-Wonderland World this probably will happen.
Anyway, not only is it a given the debt ceiling “tension” will evaporate over night. The “resolution” of this issue will be spun as a great excuse to ramp up market rigging even more.