24 replies to this topic

[andiron]

too close to futes opening...
it may be manana SPX gaps down below 200 SMA and go!!
lets ride the fiscal cliff (rather fiscal prudence)...


http://www.politico....ches-85587.html

Edited by andiron, 30 December 2012 - 03:18 PM.

[andiron]

and if the clowns do cosmetic deal that does not impact the deficit much, the rating agencies would be within their rights to downgrade US debt...... can the 4- yr-old hag of a bull market take it?

Edited by andiron, 30 December 2012 - 03:27 PM.

[Coach]

too close to futes opening...
it may be manana SPX gaps down below 200 SMA and go!!
lets ride the fiscal cliff (rather fiscal prudence)...


http://www.politico....ches-85587.html

I agree completely. Let's ride the fiscal cliff (Sequestration Act of 2011). Enforced restraint and austerity are the only things that will work at this stage. The third rail of that act at least begins to control the heretofore unrestrained military bloat. That alone makes the act worthwhile.

[uburack]

too close to futes opening...
it may be manana SPX gaps down below 200 SMA and go!!
lets ride the fiscal cliff (rather fiscal prudence)...


http://www.politico....ches-85587.html

I agree completely. Let's ride the fiscal cliff (Sequestration Act of 2011). Enforced restraint and austerity are the only things that will work at this stage. The third rail of that act at least begins to control the heretofore unrestrained military bloat. That alone makes the act worthwhile.

ANd I can't wait to see the faces of all those Obama voters, the ones who voted for free stuff, when their taxes go up 50-100%. I am sooo ready for this.

Edited by uburack, 30 December 2012 - 03:50 PM.

[Data]

Obama was in favor of applying the chained CPI to entitlements.

http://www.businessi...ned-cpi-2012-12

So they're calling in the White House to twist the arms of some Democrats.

[AChartist]

Thats not the kind of thing that's is correct to say about Obama voters
that is just the same dialectic that got us here.

Everyone would have to turn off the TV and go completely outside the
dialectic and unlikely to happen so this never ends until it extinquishes itself.

I like even opportunity insults and criticism. I am not fan of any of it but how exactly
did O become responsible and although he did nothing about any real problem
who was the real problem and when would they have done, about themselves.

Now the point is, I want to see the social-democracy aka demonocracy learn a lesson
and as usual they do it to themselves consetually becuase they are just dumb and
get what they deserve.

too close to futes opening...
it may be manana SPX gaps down below 200 SMA and go!!
lets ride the fiscal cliff (rather fiscal prudence)...


http://www.politico....ches-85587.html

I agree completely. Let's ride the fiscal cliff (Sequestration Act of 2011). Enforced restraint and austerity are the only things that will work at this stage. The third rail of that act at least begins to control the heretofore unrestrained military bloat. That alone makes the act worthwhile.

ANd I can't wait to see the faces of all those Obama voters, the ones who voted for free stuff, when their taxes go up 50-100%. I am sooo ready for this.

[ogm]

too close to futes opening...
it may be manana SPX gaps down below 200 SMA and go!!
lets ride the fiscal cliff (rather fiscal prudence)...


http://www.politico....ches-85587.html

There's no prudence in 3% GDP cut across the board in one day. Thats for sure.

[ogm]

Obama was in favor of applying the chained CPI to entitlements.

http://www.businessi...ned-cpi-2012-12

So they're calling in the White House to twist the arms of some Democrats.

Yes he was. Taxes must go up and Spending should be cut. And that was part of Obama's offer. But now democrats want debt ceiling raised if they agree to that. Thats my understanding. So its still a mess. "You want something extra ? Well then we want something extra too" .. that kinda deal.

Edited by ogm, 30 December 2012 - 04:15 PM.

[AChartist]

My understanding of fiat fractionalization is that you have to have endless perpetual debt ceiling raising or it extinquishes itself. It just is.

[AChartist]

I guess the numbers get so big the numerical changes become more noticeable plus any increase is acceleration what will they be thinking with 15 more zeroes on that pig. I heard it explained this way. If I pay a bill with a note I did not extinquish any debt because the note is burned. I just passed the note. However it is much worse than that, the note may be fractionalized again in the next exchange. To extinquish debt, you have to pay with coin. Money order may work too.