February 16, 2023· 50 min
This Is What Happens if the US Actually Hits the Debt Ceiling
Orality
Model
50%
Speaker Breakdown
HostTracy Alloway(1,150 words)
M:29%
HostJoe Weisenthal(1,592 words)
M:29%
GuestGeorge Pearkes(7,188 words)
M:28%
Oral Indicators
Agonistic25%
literally, completely, very
Engagement62%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
like (140x), know (132x), it's (101x)
Parallelism79%
And I'm Joe Weisenthal...., But today, we're gonna be disc..., And what are the constraints?...
Sound Patterns58%
63 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases6%
at the end of the day, you know what, i mean
Literate Indicators
Hedging7%
could, may, probably
Passive Voice12%
are interested, be issued, are elected
Abstract Nouns20%
investment, recommendation, experiment
Subordination7%
because, since, though
Sentence Length48%
Avg: 16.9 words/sentence
Word Complexity48%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style38%
677 personal pronouns found
Descriptive Style74%
literally, completely, slightly
Description
The US is in the middle of another debt ceiling fight. The expectation is that it will get lifted before we hit the so called "drop dead" date — but what happens if Congress does not authorize more debt financing? What are the options for the government? Does this automatically lead to default? And if the US does default on its debt, what does that mean for the financial system and the real economy? On this episode of the Odd Lots podcast, we speak with George Pearkes, macro strategist at Bespoke Investment Group, about how the debt limit actually works, and we attempt to get an understanding of what to expect if we reach this uncharted territory. See omnystudio.com/listener for privacy information.