G3 and Weiss’s Michael Edwards go deep on the debt ceiling situation, which is playing out in real time before the eyes of a watchful and nervous nation.
In this wide-ranging discussion (recorded on Tuesday, May 23rd at 10:00am), Mike breaks down the probabilities of the various scenarios in which the debt ceiling situation is ultimately resolved. He also weighs in on how the markets could react to a resolution and the impact of Donald Trump in shaping the debate.
Please check important disclosures at the end of the episode.
A final note: We are releasing this episode a day ahead of our usual Friday schedule in recognition of the upcoming Memorial Day weekend.
- How does market complacency compound the overall danger of the debt ceiling situation? [2:22]
- What are the positives and negatives of the progress made thus far in the negotiations? [3:28]
- What are the probabilities associated with the various potential outcomes? [9:42]
- What is the likelihood of a last-minute agreement that also enables Kevin McCarthy to retain his position as Speaker of the House? [17:07]
- Will the looming presence of Donald Trump impact the outcome to the debt ceiling drama? [29:46]
About: Consistent with its mission to invest in people, partnerships, and a purposeful future, Weiss Multi-Strategy Advisers launched a weekly podcast, In Search of Green Marbles, in November 2021. In each episode, Weiss leaders provide differentiated insights (i.e., green marbles) that aim to help institutional investors, financial advisors, and individuals identify actionable investment themes amidst the noise in today’s market environment. Primary topics of discussion include exponential innovation, the US-China relationship, longevity’s impact on financial markets, and the latest economic themes. Hosted by G3, featured guests include Weiss President and CIO Jordi Visser, Deputy CIO Mike Edwards, and Senior Vice President and Portfolio Manager Lundy Wright.
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