The debt limit and banks are NOT the biggest problem for the stock market. I've found two others that could cause a stock market crash. 🤑 Earn a high-yield on your cash with a no-penalty CD [FDIC Insured] https://mystockmarketbasics.com/CITBank
Market jitters ignited Friday on signs of a delay in debt ceiling negotiations and stocks are likely to fall Monday if no progress is reported. Despite this, the odds of a pre-default deal are still very much the expectation simply because to default would be such a shock to the economy. Unfortunately, the debt limit is the least of the market’s problems and the worst two are events investors aren’t even talking about yet. Worse still is, both of these are definitely going to happen over the next few months and will dramatically weaken the economy.
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First is a trillion-dollar shock to the monetary system following any debt limit deal. The balance on the Treasury’s General Account, think of it like the government’s check book, has fallen to just $95 billion and is expected to fall further to almost zero by June. On any debt deal, the Treasury will start to refill this account and cause a $550 billion anti-stimulus on the economy. This alone could force a recession and a stock market crash.
Top it off though with 40 million Americans having to restart student loan payments over the next few months. That could amount to a $6 billion hit to consumer spending at a time when consumer spending is the only thing supporting stocks and the stock market. I'll give you the details into what will go down as the cause of the 2023 stock market crash and how I'm investing.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. #stockmarket #stockmarketcrash #stocks
