US Default, place your bets....
29 July 2011, 10:43 AM
#1
US Default, place your bets....
So, we are going to the wire, I can see my shares sliding in anticipation of financial armageddon, so what will happen,
1/ Total Meltdown as nothing is agreed, end of world as we know it.
2/ 11th hour deal, much wiping of fevered brows, markets bounce back, situation deffered for a couple of years.
3/ Will Smith flies in smoking a cigar (well it isnt lit, just for the look) in a B52 full of money and gold to the value of 15 Trillion, enough to pay the debt off and have a big **** off party, cue much whooping and High fiving, God bless America etc.
I am erring on option 2, but three seems a more probable outcome.
1/ Total Meltdown as nothing is agreed, end of world as we know it.
2/ 11th hour deal, much wiping of fevered brows, markets bounce back, situation deffered for a couple of years.
3/ Will Smith flies in smoking a cigar (well it isnt lit, just for the look) in a B52 full of money and gold to the value of 15 Trillion, enough to pay the debt off and have a big **** off party, cue much whooping and High fiving, God bless America etc.
I am erring on option 2, but three seems a more probable outcome.
29 July 2011, 10:51 AM
#2
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So, we are going to the wire, I can see my shares sliding in anticipation of financial armageddon, so what will happen,
1/ Total Meltdown as nothing is agreed, end of world as we know it.
2/ 11th hour deal, much wiping of fevered brows, markets bounce back, situation deffered for a couple of years.
3/ Will Smith flies in smoking a cigar (well it isnt lit, just for the look) in a B52 full of money and gold to the value of 15 Trillion, enough to pay the debt off and have a big **** off party, cue much whooping and High fiving, God bless America etc.
I am erring on option 2, but three seems a more probable outcome.
1/ Total Meltdown as nothing is agreed, end of world as we know it.
2/ 11th hour deal, much wiping of fevered brows, markets bounce back, situation deffered for a couple of years.
3/ Will Smith flies in smoking a cigar (well it isnt lit, just for the look) in a B52 full of money and gold to the value of 15 Trillion, enough to pay the debt off and have a big **** off party, cue much whooping and High fiving, God bless America etc.
I am erring on option 2, but three seems a more probable outcome.
29 July 2011, 11:22 AM
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They will just ask Apple to lend it some money ...
http://www.knowyourmobile.com/blog/9...overnment.html
http://www.knowyourmobile.com/blog/9...overnment.html
Last edited by boxst; 29 July 2011 at 11:25 AM.
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29 July 2011, 01:50 PM
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29 July 2011, 01:54 PM
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I think the actual concern is not will they won't they (they don't really have a choice) but what sort of mess will they agree to when all the political posturing is over.
The Zohan - funniest post of the day
The Zohan - funniest post of the day
29 July 2011, 01:55 PM
#12
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So does the rest of the world by the looks of things! Would the 10yr yield really be just over 3% at the prospect of default?
The ostrich in the sand thing has been, and probably will continue to go on, for years. It's not a secret that the U.S. is, for all intents and purposes, insolvent.
The ostrich in the sand thing has been, and probably will continue to go on, for years. It's not a secret that the U.S. is, for all intents and purposes, insolvent.
29 July 2011, 02:04 PM
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the fed has to cash the cheques, however dodgy it appears to be. i expect they'll sell off some of their t-bills.
i don't have a terminal anymore, so i don't keep up with the debt figures.
i don't have a terminal anymore, so i don't keep up with the debt figures.
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