Joseph Wang of FedGuy.com and Dominique Dwor-Frecaut of Macro Hive return to Forward Guidance to update listeners on the U.S. debt ceiling, which may be breached as early as June. Filmed on May 25, 2023.

To access a 40% discount to an annual subscription of Macro Hive Prime, go to www.macrohive.com/jack.

____

Follow Joseph Wang on Twitter https://twitter.com/FedGuy12

Follow Dominique Dwor-Frecaut on Twitter https://twitter.com/firstkicktires

Follow Macro Hive on Twitter https://twitter.com/Macro_Hive

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_f

Joseph’s latest piece on FedGuy.com: https://fedguy.com/probing-lclor/

Joseph Wang YouTube https://www.youtube.com/@Fedguy12

____

Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Timestamps:

(00:00) The Debt Ceiling

(10:09) What Happens When The Treasury Runs Out Of Money?

(18:20) Will The Fed Come To Rescue? (Yes, Say Dominique & Joseph)

(27:19) What Counts As A "Default"?

(32:21) MacroHive

(32:57) How Might The Market React?

(36:05) Are These "Magical Measures" Just A Temporary Fix?

(37:50) Payment Prioritization

(41:45) U.S. Treasury's Non-Marketable Debt Will Play A Key Role

(50:02) Potential For "Huge Liquidity Drain" As Treasury Plans On Issuing $1 Trillion In Bills Over The Next Six Months

(01:01:10) Dominique and Joseph's Views On The Economy

(01:08:20) Joseph's Updated Views On Banks