RE: cannot bounce off 1.5p9 Sep 2021 08:45
Hi Woodstock
Im slowly accumulating Dmtr while it’s off the boil, I’m not sure how low we are going before a bounce? So buying little and often I should get a good average, well that’s the plan…. If elsewhere comes to fruition I will load up heavily here…
I found this and thought of you:
U.S. Treasury Secretary Janet Yellen called on Congress to raise the debt limit, warning that the Treasury Department is on track to run out of cash and exhaust its "extraordinary" measures in October.
If the debt ceiling is not raised, U.S. could be looking at payments default, Yellen said in a letter to Congress on Wednesday.
"Once all available measures and cash on hand are fully exhausted, the United States of America would be unable to meet its obligations for the first time in our history," she wrote. "The Treasury Department is not able to provide a specific estimate of how long the extraordinary measures will last. However, based on our best and most recent information, the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October."
Interesting times ahead..
ATB
OB