If US raises the nation’s debt limit, but can it solve the economic problem once and for all?

The possibility coming of another black swan cannot be ruled out.
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May 3, 2023
The Federal Reserve’s decision about whether to continue raising interest rates comes at a fraught economic moment for the United States, with President Biden and Republicans in Congress locked in a standoff over how to raise the nation’s debt limit.

High inflation and instability in the banking system continue to weigh on the United States economy, but a more pressing concern is the prospect of a default. The federal government could be unable to pay all of its bills on time as soon as June 1, Treasury Secretary Janet L. Yellen warned this week, setting the stage for a self-inflicted economic calamity.

Analysts and economists have increasingly warned that a default could send financial markets plunging and tip the United States, and perhaps the global economy, into a recession.

A Treasury official pointed to the debt limit as a top risk facing the economy, saying that failure to raise the borrowing cap would cause a financial crisis of “historic proportion” and a sharp economic contraction that would leave millions of Americans facing unemployment. It would also probably trigger a spike in borrowing costs and prevent Social Security and Medicare beneficiaries from receiving their benefits.

Are you alright?

US has raised its interest rate to above 5%. As its production plant is in US, the cost of production, including raw materials will continue to rise, Amway products will be less affordable to Malaysian consumers in coming years.

Are all those "China man" removed from the board as at today? Or is it just a mistake? Or you have forgotten what you wrote in HY in the past?

By the way, why you still ask questions by writing to the management if you already have this assumption? Refer your past posting below:

Sslee


Posted by Sslee >
Report Abuse

I already cut loss all my HY except 500 units to qualify myself as shareholder. So no harm done, just learn my lesson again never trust mainland china man.

SSslee, thank you for this sharing.


1,449 posts

Posted by Sslee > 5 hours ago | Report Abuse

Good morning Bob,
Will do to include question on 5 Billions Bonds drawdown and where they are used.......

StartOf The Bull,
https://klse.i3investor.com/blogs/Sslee_blog/2020-02-18-story-h1483850146-SC_wants_you_to_participate_effectively_at_an_Annual_General_Meeting.jsp

SC wants you to participate effectively at an Annual General Meeting
Author: Sslee | Publish date: Tue, 18 Feb 2020, 12:42 PM

Some people hate her but she was elected as president of Taiwan.

What do you think about Tsai Ing-wen?

I am referring to Ular.

I think you and anyone else can rebuke him as before. Don't we know this is a public forum? If everybody harassed away and stop writing in the forum then the last person will only be talking to himself.

I don't think a person's behaviour should be judged based on his/her marital status or gender.

Ular why you want to know?

There are more than 10 thousands unit holders of HY, while there are only one corporate affairs manager and a few assistants doing thier works. If only 10% of the minority shareholders write a complaint letter to the management, how likely will the management reply? Or even bother to read it? Most likely these emails will end up in their junk mail folder.

Ular Ular you can ask about me. But I won't tell you. Hahaha

I thought Dragonslayer was a woman, now I know Ular a.k.a. Dragonslayer is a worse actor with gossiping tongue. Hahaha

Ular, yu gila kah? That is his personal matter, how can you request me to ask him? If you want to know you can continue to ask him lah. Jahat betul yu punya mulut. Pui
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UlarSawa

27,272 posts

Posted by UlarSawa > 17 minutes ago | Report Abuse

When MikeTikus keluar can you all ask him to reply ular question. His marital status. Keep pestering him then he will malu not to reply lah. Haiyoh. Boleh?

Ular, you practised meditation in a cave for two months? How did you get updates and news from the outide world? Got Internet connection in the cave or not?

What is the effect of writing 26 questions to the management? Will it just ended up in their junk mail folder?

Some youngsters married too young without knowing each other well within less than one year in the end found out can't get along with each. That maybe the reason to divorce.

Divorce pun mau gaduh, apalah.

DJThong planning to attend the investment summit with a bucket of rotten eggs?

Jamban is what stock?

FIFO, I think itu Pang7 punya style lah. When a stock up 10% he masuk, when the volume start dropping at about peak price he lari kuat kuat. Hahaha. I am just saying

The US owes much of its political and economic muscle to the dollar, which it has effectively used in its financial warfare to win wars even without firing a bullet. The US and its allies tried the same tactic to subdue Russia in the Ukraine conflict. But in doing so, they unwittingly set off an international movement to overthrow the mighty dollar. Washington froze a whopping $300 billion of Moscow’s foreign reserves defying sovereign guarantees and cut off its banks from the global financial messaging system known as SWIFT. However, the sanctions not only boomeranged but also stoked fears, especially in the Global South, that the dollar could permanently become an overt tool to pile up political pressure on any nation that does not acquiesce to Western diktats.

The United States has repeatedly exploited the ‘privilège exorbitant’ of the dollar to bully the nations choosing to remain neutral in geopolitical confrontations by stoking poverty and political instability through crippling economic sanctions. In a de-dollarised financial world, the US would not be able to use sanctions as coercion to achieve outcomes that serve its interest. Payment in local currency, or vostro account in regional currencies, would minimise the risk of sanctions undermining an economy.

The dollar is the global reserve currency, which gives the United States exclusive power to not only increase the money supply by printing more currency bills, but also the prerogative to “print” commodities it needs. Global financial circles have long resented the outsized role of the dollar that gives the US ability to “print” oil by printing dollars. Transactions in alternate currencies would rationalise the dollar demand and limit the American power to “print” commodities and instead compete fairly in global trade.

The dollar’s superpower is a huge nuisance for the developing nations that have seen the cost of living rise, debt-servicing burdens pile up, and poverty deepen. Sri Lanka is a case in point. The island nation defaulted on its dollar debt after the soaring greenback stymied its ability to repay. Pakistan is also struggling to avoid sovereign default amid dwindling foreign exchange reserves while the runaway dollar has pushed food inflation and cost of living to an all-time high. Payment in local currency, or vostro accounts, may improve the developing nations’ debt service capacity by making revenues more predictable and less prone to exchange rate instability.
- WikiFx -

I think Stockraider also got MBSB. Hope he doesn't rock the boat until MBSB become a stool raider.

Ular, other than kaboi, HK, Sg or Aust market also can play. I think forums for that markets also got. Don't use your old Id like dragonslayer lah, Ular lah or AnakUlar, maybe you can use Chameleon, Lizardman or other Id, nobody there to kacau yu.

Ular why not you guide SSlee to the high high mountain to get more Su...per power like you so that he can come back here stronger to face more potential slandering or just advise him to wong fei hoen sou don (stop posting in i3), that maybe better for him. Correct or not?

Mabel I saw your post in Capital A forum lately. Are you still there or have exited?

Ular how you got the Su...per power by staying on the high mountain for a couple of months ago? Since you are back from yesterday Sslee has become more outspoken than before. Hehehe

Ular your TG is facing some negative comments there again, why are you still here?

That is really strange. His posts way back to before year 2022 should be available for reading but I just couldn't find it.

However, with the appearance of the Japanese lady here usually the outcome is likely the opposite.

With the appearance of the Japanese lady here usually the outcome is likely the opposite.

I think this news would had come sooner or later just a matter of time. Nevertheless, the sentiment for gloves would not be good next week.

US if die also bring the whole world to die together.

World Health Organization said Covid-19 is no longer represents a global health emergency. What will be the impact to the demand for gloves?

May 3, 2023
The Federal Reserve’s decision about whether to continue raising interest rates comes at a fraught economic moment for the United States, with President Biden and Republicans in Congress locked in a standoff over how to raise the nation’s debt limit.

High inflation and instability in the banking system continue to weigh on the United States economy, but a more pressing concern is the prospect of a default. The federal government could be unable to pay all of its bills on time as soon as June 1, Treasury Secretary Janet L. Yellen warned this week, setting the stage for a self-inflicted economic calamity.

Analysts and economists have increasingly warned that a default could send financial markets plunging and tip the United States, and perhaps the global economy, into a recession.

A Treasury official pointed to the debt limit as a top risk facing the economy, saying that failure to raise the borrowing cap would cause a financial crisis of “historic proportion” and a sharp economic contraction that would leave millions of Americans facing unemployment. It would also probably trigger a spike in borrowing costs and prevent Social Security and Medicare beneficiaries from receiving their benefits.

Like Ular said, lepaking (in i3). Generally most people are mainly here to pass their time. What else? Hahaha, at least this is what I think.

Alright. Fair enough. Those who promoted to chase high are equally bad.
Anyway, since Ular is here if Sslee he himself also think that I bully him I can stop it from now. Cheers!
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UlarSawa

27,190 posts

Posted by UlarSawa > 43 minutes ago | Report Abuse

Bad points more than good points baru masuk PN17 mah. If more good points than bad points then the company is blue chips already leh. Shinning star and falling star ada different leh. Can CapitalA roar again like in the past. Not very easy leh. Haiyoh. Correct?

Mikecyc

39,237 posts

Posted by Mikecyc > 9 minutes ago | Report Abuse

Haha why worries… not highlighted Capital A to chase High as those Kon , Actor n Blower …

Those whom bought ard 60 sen still hv Paper Gain loh …

No good point? You go to find out yourself.
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UlarSawa

27,187 posts

Posted by UlarSawa > 51 seconds ago | Report Abuse

You mean PN17 ctr ada good points. If can masuk PN17 already one more bad points than good points leh. Not like this meh. Be more cautious on PN 17 ctr is nothing wrong also. You see Fund Mgr all ada beli PN17 ctrs kah. Less mah. Mostly pun exit the PN17 ctrs mah. So SSLee not wrong like this highlighting the bad points leh. Thats the job of penkritik leh. He is not promoter leh. Haiyoh. Correct?

This is another good one. His own comment. Hahaha
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pang72

47,085 posts

Posted by pang72 > 12 hours ago | Report Abuse

I M not mater..
I am shameless liar. You asks sifu to teach.
I like blow water only

Aiyo, dia bukan promote lah. Dia banyak cakap yang bukan bukan stocks yang dia tak suka then ignoring all the good points. Dia pandai twisting lah.

UlarSawa

27,186 posts

Posted by UlarSawa > 2 hours ago | Report Abuse

Conman everyday pun ada con ppl in Msia mah. Why you die die want to catch SSLee only leh. Look like you are bullying SSLee leh. Are you a bully. See SSLee so nice chap easy to bully izzit. Anyway he is in his sixth already not need to con ppl to earn the money also lah. He still working drawing salary lagi mah. Why want to con ppl lah. Must be you ada eyes not a Tarzan lah. Haiyoh. Correct?

Yu habis gloves pun belum habis.

Just betting that Harta would announce profit in its upcoming QR.

I didn't buy this today after reading the comments. Thank you Huangbk72.
Bought Hartalega instead.

Even that person is not one of the "victim" he surely will not respect a Kon actor.

Konartist Lee today cock roach story, next day what story ya? Hahaha

If even a RM10 million or less profit announced will likely trigger all glove makers share price up. I meant "if".

Ular bila yu makan ayam KFC berhati hati tulang ayam goreng ya. Cuci tangan selepas makan sebelum main smartphone ya.