US Credit Default Risk Spikes Ahead of Debt Ceiling

This week, come and hear an inspiring story involving California Senator Dianne Feinstein and a certain, shall we say, malady. The Treasury is running out of cash, with the debt ceiling to be hit by June.

And did you know that the last FOMC meeting minutes revealed that the Federal Reserve has actually done something it has never done before: it has actually predicted a recession. The Fed has never dared predict a recession before, lest it become a self-fulfilling prophecy, but it seems the bank failures have given the central banks some serious inspiration.

A debt ceiling default, unlikely as it is, would give it even more inspiration. It was a quiet week for silver, but a whole lot bubbles just below the surface.

To find out more, click the video now!

Arcadia Economics

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