Markets Rallying Hard While Debt Limit Increases by $480 Billion

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 8 October 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Oct7,2021: Lawmakers have reached an agreement to extend the debt ceiling through early December, which allows the debt limit to increase by $480 billion. With equities’ high volatility this week continuing to roil markets, economists are warning that the U.S. defaulting on its debt would lead to a recession and violent swings in financial markets. Natural gas and oil also are reaching astronomical levels, keeping investors on edge about the supply bottlenecks affecting Europe and the U.S. in the colder months to come. Steven Van Metre, president of Steven Van Metre Financial, joins the Daily Briefing to address the macro factors fueling this week’s market dynamics. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/2ZZLiBH Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Why are you listening to his podcast when there are puddles to be jumped in?
0:04.8	Come on, let's get outside and take on autumn.
0:09.4	All we need is a pair of wales in a pot of patty for loo.
0:13.8	It's made with calcium and put them in a deep room to port.
0:18.4	My mum says healthy mischief needs healthy bones.
0:23.0	And she knows best most of the time.
0:27.2	Take on autumn with patty for loo.
0:30.1	Welcome to the Real Vision podcast network.
0:42.2	Welcome to the Real Vision Daily Briefing.
0:43.6	I'm Ash Bennington.
0:44.6	It's Thursday, October 7, 2021.
0:47.7	We're joined shortly by Steven Van Meter, aka the Bond King,
0:52.5	talking about markets and what's happening in a broader macro context.
0:57.0	Here we are at the end of the day, equities rally.
0:59.6	Looks like on the day, Nasdaq and Russell 2000 are the big winners.
1:04.6	Looks like closing out the day on Nasdaq up about 1% 14,654 at the close.
1:12.2	Also, we should say short term deal reached on the debt ceiling today on the hill
1:17.2	by Democrats and Republicans at the end of the day here.
1:20.6	Looks like oil's rallying a bit.
1:22.4	Let's bring Steven Van Meter into the conversation.
1:25.2	Steven, welcome.
1:27.2	Ash is a real pleasure to be here with you today.
	...

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