The Washington Post has the current official story about the debt ceiling.
If they can get Trump to go along it should be clear sailing to pass before the recess.
Price cycles may all be in up phases but I'm thinking price doesn't mean a thing anymore. The entire world is now running on the belief that markets are the ultimate arbiter of all things. Not grasping that markets can be and are often corrupt.
We are collectively following 'market' and market price signals right off a cliff.
I ran across this. Day one in the modern history of Fed words.