US Debt
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I am just thinking if US will just print more money to tide over this…
And even they put up more bonds will anyone dare to buy now?
George Soros is also retiring, is this a sign of what is to come. -
Mrsbongz:
I agree on this... I truly think that as a country, the majority have lost.. the rich will continue with their tax reliefs.. the republicans continue to keep Obama in check, politicking continues, and the problem is just pushed to another day...[/quote]Yeah, many of the reports say that everyone lost over the compromise. I'm not sure if Democrats defaulted and S&P ratings dropped, would they be seen as the bad guy or the Republicans.ohdaddy:
[quote=\"tankee\"]Raising ceiling is for immediate term as defaulting will have major effect on fragile economy. They are working on cutting costs and raising taxes to reduce their debt. The disagreement is on what to cut and how much to cut, and what tax to raise.
In the end, no tax raised I think. Republicans won, America as a whole lost. Rich cannot subsidise for the poor. -
well, they did reach a solution before time runs out. that is truly a bad news because it means the US$ will depreciate more in the next few years as they move towards the new ceiling for the their national debt
it is good time to borrow in USD -
verykiasu2010:
Not exactly true... the rise in Treasuries are indicating something otherwise... the effects of this debt ceiling increase appears to imply a larger and more significant effect on the economy.well, they did reach a solution before time runs out. that is truly a bad news because it means the US$ will depreciate more in the next few years as they move towards the new ceiling for the their national debt
it is good time to borrow in USD
The USD is rising, and may rise significantly due to Treasury demand. -
i wonder what will happen if US credit rating is adjusted downwards. I just hope that the impact to world economy is not too big when it happens. :sad:
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tankee:
i wonder what will happen if US credit rating is adjusted downwards. I just hope that the impact to world economy is not too big when it happens. :sad:
US based rating agency like Moody & S&P 'will' not adjust their master's rating down. They, however, are free to 'wack' the PIGS in Europe. Now the debt problem in US is solved, the next drama should be from Europe. Moody & S&P will be the supporting cast. -
matrix0405:
You hit the nail on the head. They can say what they want for now but really in the end, Moody S&P would shout 3 bags full and AAA still solid. Europe.....will get a lashingtankee:
i wonder what will happen if US credit rating is adjusted downwards. I just hope that the impact to world economy is not too big when it happens. :sad:
US based rating agency like Moody & S&P 'will' not adjust their master's rating down. They, however, are free to 'wack' the PIGS in Europe. Now the debt problem in US is solved, the next drama should be from Europe. Moody & S&P will be the supporting cast. -
US debt visualized.
http://usdebt.kleptocracy.us/ -
MadScientist:
Right now, as I am posting this, the US markets are down significantly on high volume, and at the lowest point, the S&P Emini futures were down -40.
Not exactly true... the rise in Treasuries are indicating something otherwise... the effects of this debt ceiling increase appears to imply a larger and more significant effect on the economy.verykiasu2010:
well, they did reach a solution before time runs out. that is truly a bad news because it means the US$ will depreciate more in the next few years as they move towards the new ceiling for the their national debt
it is good time to borrow in USD
The USD is rising, and may rise significantly due to Treasury demand.
Fears of recession are creating a massive selloff. The USD spiked further from BoJ and BoS intervention in their currency... Then fuelled further by a massive influx of cash (USD demand) into US Treasuries... Particularly now that Moody's conveniently reiterated the AAA status despite a negative outlook.
This small \"bubble\" may pop before a longer term trend sets in, and is likely going to be from a rating agency smack.
Watch out on Friday as Asian markets bleed... And also the Non-Farm Payrolls at SG time 2030hrs. IF that is bad (likely so), there will be yet another bloodbath. A dead cat bounce should be along shortly thereafter.
:xedfingers:
Take care! -
Good morning! You just woke up to a MAJOR day in global markets. The S&P500 puked its guts out and Asian markets are going to BLEED! The Head & Shoulders pattern broke down 2 days ago, tested and failed the neckline and then hit its downside target within 2 days with a 60 point drop in the S&P500! Amazing volatility!
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