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￼.

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.

Searchcaster