US Debt Ceiling 2023 - Will The US Default On Its Debt?

The US debt ceiling is back again to spook markets. But it comes at a time when the US is reeling from an inflation shock and the threat of recession. Make no mistake, this is a huge tail risk, so in this video, we will look at what the debt ceiling is, what would happen if the US defaults on its debt and potential workarounds.

Thanks to Trading 212 for sponsoring this video. Trading 212 is offering free fractional shares worth up to ‎£⁠100 for new customers: create and verify a Trading 212 account, make a minimum deposit of £1 and use our promo code "RAMIN". Sponsored link sign up: https://www.trading212.com/join/ramin

This is not financial advice. When investing, your capital is at risk. Past performance doesn’t guarantee future results. Free shares can be fractional. Terms and fees apply* - https://www.trading212.com/terms/invest

What Else PensionCraft Offers:
💡 Become a pensioncraft.com member and learn how to be a better investor. To find what we offer and how you can join our friendly community click here https://www.pensioncraft.com/investor-education/membership/
❓ Book a coaching session with Ramin so he can answer your questions in a one-to-one video call via Zoom: https://pensioncraft.com/power-hour/
📰 Sign up for our free weekly market roundup to get news and views about what's going on in the stock market and wider economy https://pensioncraft.com/market-roundup/
📖 Understand investment in more depth with my online courses https://pensioncraft.com/courses-we-offer/

Timestamps
00:00 Introduction
00:29 What is the debt ceiling?
02:30 Timeline
03:52 How likely is a US default?
04:38 How bad would a US default be?
08:16 2011 Close Shave
10:14 Bigger Stakes
11:22 Workarounds

Where Else You Can Find Me
🎧You can check out my weekly podcast all about investing here https://many-happy-returns.captivate.fm/listen
🌐 Website - https://pensioncraft.com/
📱 Twitter - https://twitter.com/PensionCraft
👨 Facebook - https://www.facebook.com/pensioncraft/
🔗 Linkedin - https://www.linkedin.com/company/pensioncraft

Tools I Use To Create My Videos
✔️ My primary data source is SharePad and an affiliate link for this is here https://sharescope.co.uk/pensioncraftsp (This link provides new users with a special offer and gives me a small commission)
The rest of the tools I use are free open source software:
✔️ ggplot2 package in R for my plots
✔️ RStudio to edit and run R code
✔️ OBS to record my videos and live streams
✔️ Kdenlive to edit my videos

Take A Look At Some Of My Other Videos & Playlists
📹 Investment Strategies playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7Tci3mKU21drdoRFoNmIVbDd
📹 Economy & Investing playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7TcRVeX3peMN1UF-NRCIFsM2
📹 Behavioural Investing playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7TfwB8Gt65VfbgP4YMW_ctYE
📹 Investing Strategies From Beginners To Advanced video https://youtu.be/IY86PS2ow74

DISCLAIMER
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.

#DebtCeiling #StockMarket #PensionCraft