Jump to content



Photo

setback?


  • Please log in to reply
24 replies to this topic

#21 andiron

andiron

    Member

  • Traders-Talk User
  • 5,757 posts

Posted 31 December 2012 - 07:55 AM

unfunded will remain unfunded...in few yrs down the line SS payments may be reduced 25-50%..medicare may see even more drastic cuts... US may grow about 1% on avg for the next 10 years.. And financial sector will implode just like in the aftermath of 1930s/// It will no longer be sexy to be on wall street..

#22 ogm

ogm

    Member

  • Traders-Talk User
  • 13,780 posts

Posted 31 December 2012 - 07:58 AM

unfunded will remain unfunded...in few yrs down the line SS payments may be reduced 25-50%..medicare may see even more drastic cuts...
US may grow about 1% on avg for the next 10 years..

And financial sector will implode just like in the aftermath of 1930s/// It will no longer be sexy to be on wall street..


Nah, stocks will do just fine overtime. There is nothing really else to invest into. So the taxes on dividends and cap gains will go up from 15 to 20%. Big deal. The world will adjust.

#23 andiron

andiron

    Member

  • Traders-Talk User
  • 5,757 posts

Posted 31 December 2012 - 08:06 AM

if you are in finance industry, i would be bery bery nervous....

#24 typicalbear

typicalbear

    Member

  • Traders-Talk User
  • 390 posts

Posted 31 December 2012 - 11:32 AM

We live in interesting times and I'm not confident it will turn out well. There are just too many zeros on the back of that dollar amount we owe and are borrowing year after year. Back when I was a kid they fought over this stuff and it didn't matter too much. But now, just too many zeros...... Congress needs to pass a law banning the zero, then we will be ok!!!! :lol:



It's not the zero that's at fault, it's the decimal point....

Ben refinances the debt at these low rates and moves the decimal point to the left with inflation.

#25 Sentient Being

Sentient Being

    Member

  • Traders-Talk User
  • 4,262 posts

Posted 01 January 2013 - 08:00 AM

I think the longer they defer paying the austerity bill, the larger the bill becomes.


We live in interesting times and I'm not confident it will turn out well. There are just too many zeros on the back of that dollar amount we owe and are borrowing year after year. Back when I was a kid they fought over this stuff and it didn't matter too much. But now, just too many zeros...... Congress needs to pass a law banning the zero, then we will be ok!!!! :lol:



It's not the zero that's at fault, it's the decimal point....

Ben refinances the debt at these low rates and moves the decimal point to the left with inflation.


In the end we retain from our studies only that which we practically apply.

~ Johann Wolfgang Von Goethe ~