"The X-Date Is Irrelevant: The Only Date That Matters Is When The World Finally Loses Faith In US Ability To Service Its Collosal Debt"

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by Tyler Durden
Sunday, May 14, 2023 - 09:30 PM

By Eric Peters, CIO of One River Aeset Management

“It is impossible to predict with certainty the exact date when Treasury will be unable to pay the government’s bills,” Secretary Yellen told Speaker McCarthy in a letter. We are told that identifying this precise moment is of the utmost importance. Perhaps.