Frustration is building in the markets as indexes continued their slide from yesterday. Speaker McCarthy used the credit card analogy to explain the debt crisis once again but continued negotiation failures by both sides have resulted in no progress. We inch closer to default each day and risk recession as Yellen once again reiterated that it is “highly likely” the treasury will run out of money early June. The likelihood of a default is no longer zero as progress on the core issues, government…
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