DEBT CEILING NOT BEING RAISED? MOASS IMMINENT ๐ฅ - AMC Stock Short Squeeze Update
1,467Republicans have refused to increase the debt limit, this, combined with the China meltdown, means that the MOASS is imminent... but why? how does it all link together?
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Links;
https://www.nytimes.com/2021/09/15/us/politics/debt-ceiling-mcconnell.html
https://www.cnbc.com/2021/09/16/fed-chief-powell-orders-ethics-review-after-multimillion-dollar-trades.html
https://www.smh.com.au/business/companies/contagion-worries-as-chinese-property-developer-sinic-sinks-87pc-20210920-p58tby.html
Mitch McConnell has said that Republicans will vote no to extending the debt ceiling, this will make it very tough for the democrats to pass a vote to extend.
High ranking officials are also selling stocks over 'ethical concerns' that they invested too heavily in 2020. *SARCASM* What a terrible terrible time for them to be selling, just a few days before the market crashes *SARCASM* I wonder if they'll be allowed to buy again when the market has bottommed out ;)
We also saw ANOTHER chinese property co lose 87% of its stock value today, clearly, Evergrande is not a lone wolf here.
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