Janet Yellen Warning of Financial Calamity Is Wrong on So Many Levels

The debt ceiling will be raised, "there's no doubt about it," says market expert Todd "Bubba" Horwitz. The founder of bubbatrading.com believes congress will come to an agreement to raise the debt ceiling, and Treasury Secretary Yellen's most recent comments are in line with, "the oldest trick in the book."

Horwitz says Sen. Elizabeth Warren's comments towards Jerome Powell signal that democrats want him removed as Chairman of the Federal Reserve. He concludes that U.S. banks would not be able to pass a legitimate "stress test" today due to low interest rates and abundant liquidity. Video by Stansberry Research.