Debt Ceiling: Will Republicans Waste A Good Crisis? | David Woo

The moment of truth for the US debt ceiling crisis is fast approaching. Will Biden McCarthy reach an agreement before the debt ceiling deadline to avoid a default or will Biden invoke the 14th amendment and trigger a constitutional crisis? What does the debt ceiling crisis tell us about the debate over discretionary vs mandatory spending in America? What is the importance of the debt limit for the power struggle between the unipolar vs the multipolar world? Why is the US ranked so low in the Democracy index 2023 and the freedom house 2023 survey? How is the extreme political polarization in the United States affecting the functioning of American democracy and the ability of the country to make important decisions? When does it become too late for the US to restore its debt sustainability? How should you be investing your money right now?

David Woo, 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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