The Debt Ceiling Approaches | Joseph Wang & Dominique Dwor-Frecaut
Joseph Wang of FedGuy.com and Dominique Dwor-Frecaut of Macro Hive return to Forward Guidance to update listeners on the U.S. debt ceiling, which may be breached as early as June. Filmed on May 25, 2023.\n\nTo access a 40% discount to an annual subscription of Macro Hive Prime, go to www.macrohive.com/jack.\n____\nFollow Joseph Wang on Twitter https://twitter.com/FedGuy12\nFollow Dominique Dwor-Frecaut on Twitter https://twitter.com/firstkicktires\nFollow Macro Hive on Twitter https://twitter.com/Macro_Hive\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_f\nJoseph\u2019s latest piece on FedGuy.com: https://fedguy.com/probing-lclor/\nJoseph Wang YouTube https://www.youtube.com/@Fedguy12\n____\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.\nTimestamps:\n(00:00) The Debt Ceiling\n(10:09) What Happens When The Treasury Runs Out Of Money?\n(18:20) Will The Fed Come To Rescue? (Yes, Say Dominique & Joseph)\n(27:19) What Counts As A "Default"?\n(32:21) MacroHive\n(32:57) How Might The Market React?\n(36:05) Are These "Magical Measures" Just A Temporary Fix?\n(37:50) Payment Prioritization\n(41:45) U.S. Treasury's Non-Marketable Debt Will Play A Key Role\n(50:02) Potential For "Huge Liquidity Drain" As Treasury Plans On Issuing $1 Trillion In Bills Over The Next Six Months\n(01:01:10) Dominique and Joseph's Views On The Economy\n(01:08:20) Joseph's Updated Views On Banks