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Fears of a ‘taper tantrum’ might be overshadowed by a U.S. debt ceiling conniption


MarketWatch/Thornton McEnery/8-28-2021

cartoon image of a scared skier trying to outrun an avalanche

‘While financial markets have been fretting over the possibility that the Fed will start to pull back on its easy money policies before year-end, investors might want to start paying attention to the possibility that a politically intractable debate over the debt ceiling is coming and it could derail any plans that Jay Powell might have to slow asset purchases and raise interest rates.”

USAGOLD note: We see both the ‘taper tantrum’ and the ‘debt ceiling conniption’ as highly over-rated. The more likely scenario is that the spend and print juggernaut gains even more momentum in the months to come. The wise investor will try to stay ahead of it.

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