Welp, shit just got real. Debt ceiling talks went nowhere today and the markets fuct

S

Serena Elizabeth G

New member
http://abcnews.go.com/Politics/john-boehner-republicans-sacrifice-avoid-debt-crisis/story?id=14149052

Tomorrow is going to be shit

Thanks alot fuckbags

http://www.reuters.com/article/2011/07/25/us-usa-debt-idUSTRE7646S620110725




*update*


lots of stuff happening.

consensus on the street....
the gov will pull something out at the last minute. But we are likely going to get downgraded either way


....



one downgrade will likely cost the gov an estimated $100bil

not to mention the ripple effect across the corporate and muni paper markets
 
as well it should.
corporations are healthy as ever and there is still a ton of money on the sidelines.


if we could get our government to stop acting like children and somehow align macro with micro health....we could blow past the record highs
 
Prediction:

-11:59pm August 1st deal
-'Large, immediate' spending cuts will be announced which will really be much smaller and delayed cuts that will never happen when someone actually goes to the trouble of analyzing them months later
-'Revenue Enhancements' will begin in 2012 to 'share the pain'
-Not a sound will be heard from any rating agency
 
Revenue is a problem Yeah the 4.4 billion we've spent on wars isn't an issue. The money we blow on social welfare programs isn't an issue. We need more money for what exactly?
 
oh no America will default on its loans, we will no longer have our ridiculously high AAA grade that means jackshit anyway
 
I'm not denying or confirming that, but you take things and make them ONLY about race and it's pretty stupid. It's hard to take anything you post seriously because it's veiled in this constant theme of racial tension.
 
means alot

I'm actually pretty nervous about this bro
my stomach is in knots.
my work email is blowing up. we are going to have emergency meetings early in the morning
 
yea, everyone is going to get fucked for a couple days
Moody's is sure to announce a downgrade soon.
first the dollar will suck dick likely to the swiss...then treasuries will be fuct and send a ripple effect across the entire bond market.

all while stocks will plunge

fucking great
 
People have the right to FREEDOM. Making possession of a plant illegal is not freedom. Not allowing you to garable with your own money is not freedom.
 
They should, but it should be in line with the constitution and freedom. The constitution is supposed to be the document we use as a check for whether or not something is legal or not. Clearly if the ruling government said 'new law, no free speech' that'd be pretty obvious, but it's just the government creating bigger and bigger government, slowing infringing on personal freedoms that has gotten us to where we are now, and it just keeps happening. People have to stand up and reassert themselves.
 
lol @ "I'm not denying or confirming that"

there is nothing to ducking deny and you know it! even if 100% of my post are racially motivated, doesn't take away from the truth
 
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