THE VR FORECASTER 2022 AFM BELOW

https://tinyurl.com/edav6erv

https://www.howestreet.com/2023/04/us-economy-worse-than-government-indicates-mark-leibovit/

 

Yellen Announces the X-Date

Treasury Secretary Janet Yellen said this week that she expects the U.S. government could run out of cash as early as June 1 if the debt limit is not lifted.

That is significantly earlier than most analysts were predicting. Of course, it makes sense for Yellen to take a conservative stance here. It’s far easier to push back the s0-called “x-date” than it would be to pull it forward. Having the Treasury Secretary suddenly and unexpectedly announce that the government had run out of money earlier than anticipated could spark a financial panic.

(Ina Fassbender, iStock/Getty Images; BNN)

Realistically, the government probably has a few more weeks of funding than Yellen is letting on. Based on the most recent Treasury projections, analysts at Bank of America say the government will not run out of cash until July 28.

We take Yellen using the earlier date as a positive development because it signals that the administration would like to begin negotiations sooner. The Biden White House appears to be moving away from their earlier insistence on a “clean” debt ceiling bill that would be unacceptable to House Republicans.

Republican Senate Leader Mitch McConnell (R-KY) told reporters that he has accepted President Joe Biden’s invitation and will attend debt ceiling negotiations at the White House next week.

 

DISCLAIMER:

WE ARE NOT FINANCIAL ADVISORS AND DO NOT PROVIDE FINANCIAL ADVICE

The website, LeibovitVRNewsletters.com, is published by LeibovitVRNewsletters LLC.

In using LeibovitVRnewsletters.com (a/k/a LeibovitVRNewsletters LLC) you agree to these Terms & Conditions governing the use of the service. These Terms & Conditions are subject to change without notice. We are publishers and are not registered as a broker-dealer or investment adviser either with the U.S. Securities and Exchange Commission or with any state securities authority.

All stocks and ETFs discussed are HYPOTHETICAL and not actual trades whose actual execution may differ markedly from prices posted on the website and in emails. This may be due internet connectivity, quote delays, data entry errors and other market conditions. Hypothetical or simulated performance results have certain inherent limitations as to liquidity and execution among other variables. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.

All investments are subject to risk, which should be considered on an individual basis before making any investment decision. We are not responsible for errors and omissions. These publications are intended solely for information and educational purposes only and the content within is not to be construed, under any circumstances, as an offer to buy or to sell or a solicitation to buy or sell or trade in any commodities or securities named within.

All commentary is provided for educational purposes only. This material is based upon information we consider reliable. However, accuracy is not guaranteed.  Subscribers should always do their own investigation before investing in any security. Furthermore, you cannot be assured that your will profit or that any losses can or will be limited. It is important to know that no guarantee of any kind is implied nor possible where projections of future conditions in the markets are attempted. 

Stocks and ETFs may be held by principals of LeibovitVRNewsletters LLC whose personal investment decisions including entry and exit points may differ from guidelines posted.

LeibovitVRNewsletters.com cannot and do not assess, verify or guarantee the suitability or profitability of any particular investment. You bear responsibility for your own investment research and decisions and should seek the advice of a  qualified securities professional before making any investment. As an express condition of using this service and anytime after ending the service, you agree not to hold LeibovitVRNewsletters.com or any employees liable for trading losses, lost profits or other damages resulting from your use of information on the Site in any form (Web-based, email-based, or downloadable software), and you agree to indemnify and hold LeibovitVRNewsletters.com and its employees harmless from and against any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorneys’ fees) arising from your violation of this agreement. This paragraph is not intended to limit rights available  to you or to us that may be available under the federal securities laws.

For rights, permissions, subscription and customer service, contact the publisher at mark.vrtrader@gmail.com or call at 928-282-1275 or mail to 10632 N. Scottsdale Road B-426, Scottsdale, AZ 85254.

The Leibovit Volume Reversal, Volume Reversal and Leibovit VR are registered trademarks.

© Copyright 2023.  All rights reserved.