/biz/ - Business & Finance

Yep the smart money knows this times different and they won't raise the debt ceiling for real this time.

Crazy how we’ve been seeing charts like this for 2 years now and nothing has happened
I seriously believe one day we’ll just wake up, pull out our phone and see global headlines of some massive financial catastrophe
But you know what they say: just 2 more weeks!

>>54723250
the size of the natonal debt is much larger so maybe that's a factor here lol
the republicans already said today and yesterday they would buy the USA 12 months.

>>54723250
They're going to raise the debt limit. Insurance companies are just willing to sell to schizo boomers at a premium at a premium. Smart money doesn't give a shit about this, Dems aren't going to risk default to make sure they upper middle class retards get a 7500 dollar kickback for an electric car.

>>54723236

provide a direct link to the chart
or fuck off and kys OP faggot fuck
chart is 2 months old
its recovered since

>>54723250
When do we find out if the ceiling is raised or not?

>>54723530

it was raised yesterday
op = bundle of sticks

>>54723236
US defaulting now would be less painful then the inevitable Venezuela collapse. They can't print money forever unless all you idiots keep loaning them liquidity. Just stop using dollars and buy bitcoin. We shouldn't even be discussing the government. Treat them like any other terrorist organization. We should all know by now what they do. Don't base your personal financial decisions around child abusers.

>>54723640
>They can't print money forever unless all you idiots keep loaning them liquidity
Yes they can.

>Muh backed by military might glowies incoming
If you kill your counterparty, you win!

>>54723236
two weeks

>>54723517
It's literally labeled April 24th you shill.

>>54723928
agreed but I would still apprewciate a link. I don't see US CDS on Yahoo or on tradingview which are the only free ones I use

>>54723517
This was 2 weeks ago for reference. Notice how number goes up? Notice how it went up before banks collapsed as well?

Number gongo up no matter what narrative drivel you shitshovel out of your prompt booklet for the day.

>>54723937
thats clearly a bloomberg chart, which means its very expensive
considering the low res of ops screen it means he just stole it from somewhere

>>54724031
the number going up is due to the fears over the reported data from the tax receipts to the us gov
they were much lower then expected which means the date of the debt ceiling moved forward quite a lot
in the end every other time this happen it was a nothingburger, every other time the rebs cucked out, do you really think this is it the people whose wealth and position is tied to the us gov is going to voluntarily kill themselves
expect a fear based dip and then a rapid recovery as the debt ceiling is raised for the umpteenth time

>>54724696
this

>>54724031
I just want a chart I can date-compare with the price of other asset charts
go fuck yourself if you're not providing a source and criticize those who ask for a source

>>54723236
Who, realistically, is going to pay out some CDS if the US government defaults? With what is anyone going to hedge that? US bonds are the "prime collateral", and they CDS are paid out in dollars. It's a literally pointless product, unless you're willing to believe that an event that blows up the derivatives-market is somehow going to result in a derivative being made good on. The only thing that chart reflects is fear (you know: like the fear you're experiencing now, which is why you entitled this thread "we are fucked anons"), but it's ineffectual fear. The chart might as well be renamed "this is how afraid people are" from "USG CDS price".

>>54723236
Nothing ever happens.

>>54723640
They can print money forever

>>54723236
why would the US government allow themselves to default, they can just print more money to pay whatever loans they have

>>54724889
its not about paying out anon
remember most of these funds are moved by wagies as big banks or other institutions, they play with other peoples money and dont really care what the end result is
they do care very much to keep their cagies so they must do the conventional thing, which in this case is pretend to hedge with downside protection so you can tell your boss your risk metrics are fine and the compliance department is happy with those metrics
that the only result from this will be underperformance doesnt matter because all your peers are doing the same

its a misconception that big institutions trade against the markets, they trade against their peers and not being the most down in a sea of red is perfectly fine

>>54725149
Yeah, that does make sense.

>>54723250
Delusional

>>54724904
This. I sleep

>>54724939
They can. But it will lead to massive inflation unless there's a comparable demand for US dollars through

>reserve currency status
>petrodollar

Oooops.

>>54723615
faggot go back to imgur

>>54724889
The specific CDS that OP posted is Euro denominated. You are still right that if the US defaults, it is pointless to expect a payout. It is more of a technical indicator I guess.

>>54723236
How do I short these?

>>54723236
2 more weeks bro

>>54724696
How do I make money from this?

>>54725433
This is the short. You short this by going long on the US economy

>>54723250
fpbp

>>54725861
I get that, but I want a vehicle to inverse CDS'. Definitely not "long" the US economy kek, but extremely long the US money printers

Pic related will defend the US Dollar against the fucking world. Go back to work.