Debt Ceiling 2023: America's Necessary Evil? | David Woo

The debt ceiling 2023 deadline has been brought forward by lower-than-expected tax receipts in April and Wall Street is starting to brace for a potential us default. As the debt clocks runs down, can Republicans and Democrats find a compromise in the fiscal brinksmanship to avert disaster? Who will blink first over the debt ceiling? Why is the negotiation over the debt ceiling a preview of the 2024 elections? How does the US debt to gdp ratio compare to other countries including the brics? Which countries have been most negatively affected by the Russia Ukraine war? Why is the debt ceiling a necessary evil for the US as the issuer of the world's reserve currency? Can Washington restore debt sustainability before it is too late? A former top-ranked Wall Street global macro strategist tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.

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