Relevant:
- And Now the Trump Presidency Begins to Fail for Real
- Will Failing To Raise Debt Ceiling Doom The Housing Market?
- U.S. May Be Facing Worst-Ever Debt Ceiling Showdown
- As Commercial Real-Estate Prices Soar, Fed Weighs Consequences
- Escalating feud, Trump blames McConnell and Ryan for upcoming ‘mess' on debt ceiling
2017-03-18 — kunstler.com
... the longer a debt ceiling stalemate goes on in congress, the more trapped President Trump will be. The cherry on top is the Federal Reserve's move to raise interest rates the same day the debt ceiling truce expired. That will thunder through the system, making many loans more expensive to repay, dampening the real estate markets (at a time when commercial real estate is already tanking), and draining all kinds of other mojo (however falsely engineered) from the Potemkin economy.
As if being trapped in a political minefield isn't bad enough, the remaining safe patch Trump is stranded on turns out to be the LaBrea Tar Pit of health care reform. At this point, the crusade is doing worse than going nowhere -- it's getting sucked into the primordial bitumen where the mastodons and camelops sleep.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.