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Posts & Investments - #congress

Eric Markwardt
@BurningMoney
$GME $AMC #garygenslerforprison #FTX where is #congress oh right the #insidertrading queen is still the boss
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Added Flex Lng Ltd to Watchlist
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Invested in SemiLEDs
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So here we are once again, I try and delicately approach a topic that is very much on the mind of the market but because it deals with politics will inevitably elicit extreme responses. Can we not this time? Is that a thing? The purpose of this post is to inform those who may be unaware of several time sensitive issues with the clock running down that will very much affect the market. I still beliSee more
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This is a post I really really hoped I wasn't going to have to make. After narrowly averting a debt default in October I had hoped the month and a half they funded the government would be used quickly to address this issue long term. For those who are unfamiliar with this whole idea of a debt ceiling and why it's important here's a quick primer By law, Congress has to set a borrowing limit for thSee more
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This is a post I really really hoped I wasn't going to have to make. After narrowly averting a debt default in October I had hoped the month and a half they funded the government would be used quickly to address this issue long term. For those who are unfamiliar with this whole idea of a debt ceiling and why it's important here's a quick primer By law, Congress has to set a borrowing limit for thSee more
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So I'm not sure if you've heard but I haven't seen any recent posts on it so I'll take a crack at informing you. Over the last week pot stocks have been running wild. $CGC up over 25% $TLRY up 21% $POTX $YOLO $MSUS were the top 3 gaining ETFs last 5 days so whattup with that? Well...See more
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⭐⭐ Breaking News ⭐⭐ After 20 years of talking about doing it from both parties tonight the House of Representatives passed the bipartisan infrastructure bill. It is important to note that this is a totally separate bill from the $1.75 trillion Build Back Better bill. This bill has already passed the Senate with 69 votes in favor meaning 19 Republicans supported it. I've seen a lot of people who dSee more
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⭐⭐ Breaking News ⭐⭐ Responding to a growing controversy over investing practices, the Federal Reserve on Thursday announced a wide-ranging ban on officials owning individual stocks and limits on other activities as well. The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have to be confined to diversifiedSee more
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I've read basically everything that's been written about this debt ceiling crisis. For those not familiar with the history of this issue it's been raised 78 times since 1960. There has been one other "incident" where things got this close to not happening. In 2011 the Republican led Senate tried using the debt ceiling to force the Obama administration into reducing planned spending. It got down to the last possible moment and a deal was reached. That didn't mean no harm was done. 2011 was the first time ever the credit rating of the United States had been lowered. Due to what the rating agency (S&P Global ratings) referred to as "dangerous political brinkmanship" the rating was lowered from AAA to AA+ in spite of the last second deal. It hasn't been raised back since. The same credit rating agency along with a second agency (Finch) is again talking about lowering the credit rating of the country due to this brinkmanship. "It would be unprecedented in modern times for an advanced G-7 country, like the U.S., to default on its sovereign debt," S&P said in a bulletin. Finch released a similar warning saying, “Fitch believes that the debt limit will be raised or suspended in time to avert a default event, but if this were not done in a timely manner, political brinkmanship and reduced financing flexibility could increase the risk of a U.S. sovereign default,” In an interview last Monday Senate Minority Leader Mitch McConnell, who has voted nearly three dozen times to previously raise or suspend the debt limit said, "There is no chance, no chance the Republican conference will go out of our way to help Democrats conserve their time and energy, so they can resume ramming through partisan socialism’s as fast as possible,” Without any Republicans supporting the bill to raise the ceiling, which McConnell has promised to block again today as he has 3 previous times in the last 2 weeks the only remaining shot is for Democrats to use a Senate rule known as budget reconciliation. This is a lengthy process and today Bloomberg is reporting that in order for this process to be completed in time it would have to begin TODAY. This is THE ONLY other possible route to pass this in time. I expect that if this timeline gains traction and we don't see the process started today that the market will start to panic. On August 8 2011, when a similar standoff over the debt ceiling drug right up to the deadline resulting in the credit downgrade, the S&P 500 lost 79.92 points (6.7%) to 1,119.46 points with all 500 stocks and ten industry groups falling, with the Dow Jones Industrial Average dropping 634.76 points (5.6%) to 10,809.56 points and the NASDAQ Composite falling 174.72 points (6.9%) to 2,357.69 points, contributing to approximately $2.5 trillion erased from global equity value. I've been sounding the alarm on this one for quite awhile. If you've been hitting snooze on this it's time to wake up. My question is simple. Do you believe that, once again, Congress will pull through with a last second debt ceiling bill in time to stave off disaster? #tcardizzle #debtceiling #congress ///// For instant updates on this and many other issues join us on Discord @ https://discord.gg/emntYaQkDu ///// Sources https://fortune.com/2021/10/01/credit-rating-agencies-warn-of-fallout-should-debt-ceiling-talks-lead-to-u-s-default/ ////// https://www.reuters.com/business/finance/sp-says-it-expects-us-congress-address-debt-ceiling-time-2021-09-30/ ////// Doomsday Clock for U.S. Debt Ticks, With No Congressional Plan https://www.bloomberg.com/news/articles/2021-10-04/doomsday-clock-for-u-s-debt-ticks-with-no-congressional-plan

Yes67.92%
No32.08%
53 votes Ended 10/05/21
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$BLNK is the only green stock in my portfolio today 😄. US House Democrats are seeking $85 billion in funding for EV charging infrastructure. Blink Charging is an owner, operator and provider of electric vehicle (EV) charging services. They stand to benefit if this bill passes, using the money to grow and expand the services they already offer. #electriccars #electric #EV #congress #tesla
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