Edited by arbman, 06 October 2013 - 08:47 PM.
gapdown
#21
Posted 06 October 2013 - 08:46 PM
#22
Posted 06 October 2013 - 09:03 PM
Edited by redfoliage2, 06 October 2013 - 09:12 PM.
#23
Posted 06 October 2013 - 09:06 PM
Hilarious.
Boehner says default is imminent.
Result??
Bond futures are soaring on the news, LOL...
Why is that confusing that bonds are soaring?
Default will tank the economy, which is obviously good for the bonds.
Basic investing 101.
#24
Posted 06 October 2013 - 09:17 PM
Edited by redfoliage2, 06 October 2013 - 09:18 PM.
#25
Posted 06 October 2013 - 09:37 PM
#26
Posted 06 October 2013 - 10:16 PM
#27
Posted 06 October 2013 - 10:17 PM
Edited by CLK, 06 October 2013 - 10:20 PM.
#28
Posted 06 October 2013 - 11:01 PM
Hilarious.
Boehner says default is imminent.
Result??
Bond futures are soaring on the news, LOL...
Why is that confusing that bonds are soaring?
Default will tank the economy, which is obviously good for the bonds.
Basic investing 101.
US can NOT possibly default, the interest payment due is $20B, they receive about $250B in tax payments.
The most we will see is massive govt lay offs, more furloughs etc...
#29
Posted 06 October 2013 - 11:13 PM
US can NOT possibly default, the interest payment due is $20B, they receive about $250B in tax payments.
The most we will see is massive govt lay offs, more furloughs etc...
You are absolutely correct, arbman, as usually you are.
But the fear mongers always point to "default on US obligation", "no social security checks" ,
no "Medicare payments" etc.
In reality enough tax money comes in every every quarter to pay all interest on debt,
social security, medicare, medicaid, and military plus Homeland Security.
But dept of labor, dept. of education, dept of agriculture, dept of Commerce, etc could be left out in cold.
#30
Posted 06 October 2013 - 11:41 PM
Edited by arbman, 06 October 2013 - 11:50 PM.