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

I doubt it. Lehman blinRABided the markets; this current bullshit has been brewing for some fucking time. All those renewed downgrade warnings by the big three two weeks ago only sent treasuries on a rally.
 
DB came out with a pretty good article late friday on the ripple effect into corporates from the downgrade.

S&P is likely to downgrade unless a deal is met that includes ~$4T in cuts.

so even if/when the ceiling is raised, we could very likely still see a downgrade.
DB thinks it may actually increase demand for non-finance paper.
hurt bank paper, with smaller banks hurt even worse because they may fall below investment grade sparking mandatory selloRAB in funRAB to meet specific ratings compliance


fuck
 
lol see

i cant let this stuff get to me or id kill myself.
i just chalk it up to the fact the general public has a terrible grasp of public finance and the overall framework of capital markets.
 
im guessing everyone caves in and they raise the ceiling by a little to buy themselves more time to jerk eachother off until they can agree on something
 
That's not really a position.

If you believe in the voting system then the current representatives hold office because of the constituency.

If you don't believe in the voting system then you're on your way to creating a form of government that would make my former liberal elementary school shit itself
 
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