If you're in capital markets, you gamble with equities (during times of economic growth) and you make money with debt (during downturns).

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Partying in the USA on June 1 with our friends at Yellen.DAO?

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PunkStrategy

I mean debt as an asset class, not as the debt ceiling.

Yes AND when does US sovereign debt get downgraded again?

lol I'm here for the death metal band.

And no, that's overly simplistic. Ceiling will be raised (I think), the question is whether it'll happen sooner rather than later. Later might result in more damage, sooner might result in the political circus continuing.

Isn’t debt ceiling how we know how high a wall we must build to over-leverage ourselves to ensure the TradFi house of cards doesn’t come toppling down today, but rather tomorrow? ￼Debt as an asset class sounds like a great death metal band￼.