The debt ceiling crisis is coming. The debt ceiling crisis is coming. On Friday, Janet Yellen warned that the Treasury Department, next week, will begin extraordinary measures to make sure the U.S. can meet its debt obligations past June. Prepare for the media panic. The Republicans are in charge of Congress and they will refuse to raise the debt limit and the U.S. will default and the world will end. Nay, not just the Republicans in charge. Conservative Republicans bullied Kevin McCarthy into making deals and the world is ending.
This is more of a “losing face” moment, than an actual real financial crisis for Russia. They’re already in the middle of one of those.
The euro is in trouble, and this could get very ugly for the world economy. The ongoing financial crisis in Greece, which has lasted now for five…
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