It is very interesting that the debt ceiling was kicked down the road to the precise ECM turning point 2015.75 – September 30th, 2015. But Boehner had to resign and this has turned into a religious event not just economics. This turning point from the debt perspective is interesting. The 1985.65 turning point produced the G5 and the Plaza Accord. That was the beginning of this Private Wave. It did not appear to be significant at that moment, but it set in motion the change in trend in the dollar and the shift in capital that resulted in the 1987 Crash concluding that 4.3 wave at 1989.95 culminating in the Tokyo Bubble.

Here at 2015.75 they kicked the debt ceiling can down the road which they assumed would be until December. However, Treasury Secretary Lew says the US will run out of money by November. So it does not appear they will even make it to December. From here on out, this debt crisis will now begin to get really crazy as one domino falls after the other.