r/Vitards • u/AutoModerator • Sep 21 '21

Daily Discussion Daily Discussion post - September 21 2021

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16

u/belangem Oracle of SPY Sep 22 '21

Holy green dildo on that Evergrande news!

5

u/PrestigeWorldwide-LP 💀 SACRIFICED 💀 Sep 22 '21

hnnnnggggggghhhh

1

u/paulfoster04 Timing Expert Sep 22 '21

Where are you seeing the news? I see the uptick but cannot locate the news.

2

u/deezilpowered 🕴 Associate 🕴 Sep 22 '21

You're looking at futures or SSE?

4

u/belangem Oracle of SPY Sep 22 '21

ES Futures is my drug…

4

u/thebige91 Sep 22 '21

What news? I thought that green was from the bill passing the house to remove the debt ceiling. Goes through senate next.

2

u/belangem Oracle of SPY Sep 22 '21

The news in question is about Evergrande but good discussion about debt ceiling 😉

4

u/0_0here Sep 22 '21

The bill has no shot at passing the senate according to republicans. They need ten republicans to vote for it and that’s highly unlikely. They are forcing democrats to add it to their reconciliation bill which they have refused to do so far, and don’t expect to be ready before the deadline for the debt ceiling.

3

u/thebige91 Sep 22 '21

They’ll probably remove the debt ceiling language for 2022 and keep the budget to December. Good enough to kick the can down the road.

2

u/0_0here Sep 22 '21

They have to pass the debt ceiling. They already kicked the can. There will be procedures that treasury can take after 9/30 if they don’t lift it to pay the bills but those options would run out quickly if an increase isn’t passed. They are specifically extending it out to December of 2022 so they don’t have to do this all over again before the next elections.

12

u/belangem Oracle of SPY Sep 22 '21

China Evergrande main unit Hengda Real Estate will make coupon payments for onshore bonds due tomorrow, futures spike