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This has been going on since the TPartiers shut the govt down.... when they went hysterical and were high-fiving and cheering and yelping. Treasury yields are dropping to lows not seen in years. Good luck with your IRA's, 401 Ks, mutual funds, etc. We're going to need it.
The TParty motto should be... "We will do whatever it takes to get our way...... on your dime."
Oh, please! The "T Partiers" DID NOT SHUT DOWN THE GOVERNMENT! OBAMA AND THE SENATE DOMOCRATS DID.
There is no danger to anybody's investments. We have pleanty of money to pay the interest on the debt and then some! The US IS NOT, I repeat, IS NOT going to default!
None of this has anything to do with the 'Tea Party!'
And Rep. Ted Yoho, R-Fla., even argues that reaching the debt limit could help the economy, by showing the world the U.S. is serious about its debt problem. "I think, personally, it would bring stability to the world markets," he told The Washington Post Monday.
Oh, please! The "T Partiers" DID NOT SHUT DOWN THE GOVERNMENT! OBAMA AND THE SENATE DOMOCRATS DID.
There is no danger to anybody's investments. We have pleanty of money to pay the interest on the debt and then some! The US IS NOT, I repeat, IS NOT going to default!
None of this has anything to do with the 'Tea Party!'
Get a LIFE!
Not such a good idea anymore, huh? That's why it's time to pull the reverse psychology trick and deny ownership to it. Unfortunately, it's all on tape..... the cameras were rolling when the TPers were giddy, high-fiving and having an orgasm over the shutdown. As far as the default, if TPers are allowed to have their way........... good luck!
I'm not a "TPer," but I'd have a hell of an orgasm if it actually did shut down, rather than the silly little show (and tantrum) they are putting on to make everyone think they are so ******* important to the universe.
Not such a good idea anymore, huh? That's why it's time to pull the reverse psychology trick and deny ownership to it. Unfortunately, it's all on tape..... the cameras were rolling when the TPers were giddy, high-fiving and having an orgasm over the shutdown. As far as the default, if TPers are allowed to have their way........... good luck!
They can't make up their minds what they want, they just want to be on the winning side. First celebrating it, then downplaying the consequences of it, to now pushing the blame for it on Obama. So what's it going to be?
The Dow has dropped almost 6% since hitting a record high on Sept. 18th. Guess the Tea Party doesn't give a darn about people's 401k's and what not.
Quote:
Originally Posted by nezlie
The financial markets are the life blood of business and the economy. Everything is intertwined. The 1% interest you are getting at the Credit Union will also take a hit. Where do you think they invest their money....outside the market in some magical place? The Treasury yields are sinking fast, so I wouldn't act so smug.
Wow, a whole 6%....that's almost the same as 48%....time to throw yourself off a 20-story building isn't it?
Financial Markets are irrelevant. Stock markets are not essential to any economy.
No doubt, the both of you think your solution to add $TRILLIONS to the National Debt until it doubles your GDP is superior.
Good luck with that....
Mircea
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