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In the last two shutdowns stocks went up. Marketwatch has a piece on the subject.
In the last two shutdowns stocks went up. Marketwatch has a piece on the subject.
A continuing weak economy and last month's bipartisan tax cut legislation will drive the government's deficit to a record $1.5 trillion this year, a new government estimates predicts. The eye-popping numbers mean the government will continue to borrow 40 cents for every dollar it spends...
The CBO analysis predicts the economy will grow by 3.1 percent this year, but that joblessness will remain above 9 percent this year. Dauntingly for President Obama, the nonpartisan agency estimates a nationwide unemployment rate of 8.2 percent on Election Day in 2012.
What would happen if the Ceiling is raised and what would happen if it is not???
I'm curious as to what would happen to bonds, gold, silver, commodities, U.S. company stocks, inflation, etc, etc..
What would happen if the Ceiling is raised and what would happen if it is not???
I'm curious as to what would happen to bonds, gold, silver, commodities, U.S. company stocks, inflation, etc, etc..
In the last two shutdowns stocks went up. Marketwatch has a piece on the subject.
Any threat of a default by the US government would be enormously negative for stocks.
In the last two shutdowns stocks went up. Marketwatch has a piece on the subject.
Any threat of a default by the US government would be enormously negative for stocks.
This is a red herring threat to scare the public.
The government has Plenty of Money to pay the interest on the debt. That should be the first priority for disbursements. Considering that federal spending has increased by over 25%, and Obama is trying to bake in the Stimulus pop into the permanent run rate, it should be quite easy to roll back all spending to 2007 levels.
Really.
It should.
In the last two shutdowns stocks went up. Marketwatch has a piece on the subject.
Any threat of a default by the US government would be enormously negative for stocks.
This is a red herring threat to scare the public.
The government has Plenty of Money to pay the interest on the debt. That should be the first priority for disbursements.
Any threat of a default by the US government would be enormously negative for stocks.
This is a red herring threat to scare the public.
The government has Plenty of Money to pay the interest on the debt. That should be the first priority for disbursements.
It doesn't matter. Financial markets shoot first and ask questions later.
Financial markets crashed when Greece was on the verge of default. Greece is nothing compared to the US.
Paralysis of the government would spook financial markets because the market wouldn't believe the politicians that they would honor the debt. Competing claims on 1/3 of all government spending accounting for over 10% of the economy would create enormous political pressure and uncertainty, causing a rush to sell Treasury bonds, a spike in interest rates, a collapse of the dollar and a crash in stocks. If I thought for even a second that this was a serious alternative, I'd sell every single financial asset I had in the US and get it out of the country with a click of the mouse.
This is a red herring threat to scare the public.
The government has Plenty of Money to pay the interest on the debt. That should be the first priority for disbursements.
It doesn't matter. Financial markets shoot first and ask questions later.
Financial markets crashed when Greece was on the verge of default. Greece is nothing compared to the US.
Paralysis of the government would spook financial markets because the market wouldn't believe the politicians that they would honor the debt. Competing claims on 1/3 of all government spending accounting for over 10% of the economy would create enormous political pressure and uncertainty, causing a rush to sell Treasury bonds, a spike in interest rates, a collapse of the dollar and a crash in stocks. If I thought for even a second that this was a serious alternative, I'd sell every single financial asset I had in the US and get it out of the country with a click of the mouse.
Let me know when you plan on doing that.....seriously.