May 1 2023 | A possible U.S. debt default looks like it’s now been pushed back to possibly July 2023. Why It Matters: Expect debt ceiling negotiations to dominate the financial headlines, potentially leading to increased market volatility in the coming months. Source: thedailyshot, Gavekal
...July 29, 2022 | Large packages of government deficit spending tends to be correlated with stronger US corporate profits, however this works in reverse as well: Pullbacks in deficit spending tend to lead to weaker US corporate profits unless the shortfall is made up. Source: thedailyshot
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