Even a last minute deal is terrible for investor confidence.
US Federal Government Shutdown | Shutdown Shutdown, Debt Ceiling Raised
- Thread starter Jarmel
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Even a last minute deal is terrible for investor confidence.
Coldnoodle
Member
AstroNut325
Member
So... we're totally f**ked. How awesome.
Thanks Republicans. I'll never vote for you folks ever again. I say this as someone who voted republican many times in the past.
Tea Party something something
InsaneZero
Member
The 14th would allow us to pay the bills, but it would probably be a long road of litigation. More importantly, having to take this alternative route to circumvent the process wouldn't really help in alleviating the concern that our system is broken.
jamesinclair
Banned
So yeah, you were hibernating. I guess the big ibanks were twiddling their thumbs, acting on the best interest of the American people? And I guess dropping the regulations was just coincidental timing?
Uhuh. I'll need to see the receipts for this one.
NathanMcMahon
Banned
i.e. the conservative bubble he exists in. it's amazing.
StopMakingSense
Member
I'm more concerned that he fell for js' lazy troll.
Epsilon-delta
Banned
Yup especially if it only extends the CR to January and the debt limit to February.
No it isn't.
Though admittedly it is too simple of an explanation for the period between 2007-2010.
You don't understand. Bill Clinton made banks only sell houses to black people and this is what happened.
NathanMcMahon
Banned
there's a lot to be concerned with when it comes to people like Tex.
It's insane even having to go through this.
Bitmap Frogs
Mr. Community
Good old Elbridge Gerry.
Fox Mulder
Member
And it'll happen again the next time.
It's actually very clearly incorrect. That's an old talking point that I haven't heard for a couple years now.
NathanMcMahon
Banned
he's been in that conservative bubble. he wasn't aware that reality had slapped his worldview in the face and told it to wake-up.
Ether_Snake
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Well if China ever needed a demonstration to back its case that the world economy must be less dependent on the US, it has and will have one.
Of course they weren't acting in the best interest of the American people. Nor do they have to. It is up to the government to effective regulate the free market. Not over. Not under. Just right. It is in this sweet spot that resposible gains can be achieved.
You are going to have to prove to me that they can run a free market society. Right now, the government is shut down, we are 30 some odd hours from defaulting on the debt. You want this very organization to run your stock market?
Here is a list of socialist countries. Tell me which ones have been a wild success.
http://en.wikipedia.org/wiki/List_of_socialist_countries
And before you say China, let me suggest you take a look at their human rights record before you say that is a runaway success.
jamesinclair
Banned
Perhaps they should focus a little lesson slave labor and a little more on building a strong middle class.
Sanky Panky
Banned
They are not irrelevant to any investor outside of your fantasy world of sovereign currency hegemony.
Their middle class is the size of the population of the US
SteveWinwood
Member
hmmmm
The markets sure tanked last time it was downgraded.
smokeandmirrors
Banned
Self Declared Socialist ≠ Actual Socialist
Just like how Self Declared Capitalist ≠ Actual Capitalist
jamesinclair
Banned
I dont think a middle class in decline is a good goal to mimic
Obviously that disclaimer is the case, otherwise America would be listed. You must know we are a socialist country now.
Same can be said about USA if you really think about how things have been going for the past few years
empty vessel
Member
Let me clarify: They are irrelevant to the interest rate at which sovereign debt is sold as well as to any investor with any lick of sense whatsoever. My "fantasy world" is in fact a stark reality. Governments with currency sovereignty can only default by political choice and government bonds issued by currency-issuing governments are the safest financial asset in the world. That will remain true about US Treasuries even if Republicans choose to technically default on some payments.
Its actually, very cleary, a partial albeit a small one.
So like the US?
Epsilon-delta
Banned
Robert Costa said:
GOP wants to do this again but this time earlier.
Ether_Snake
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What China will be able to do is give more credence to an alternative to the US dollar, if shit hits the fan.
What amazes me is that people are surprised the republicans aren't bluffing.
Yes, they're legitimately crazy. This isn't like a circus or an old school wrestling promotion where you play a character and are expected to stay in character 24/7 for the purpose of the show. When people say outrageous things, sometimes they're bluffing, but when they do it time and time again, chances are, it's not a fucking act.
AstroNut325, for instance. Why does THIS change your opinion when this is the kind of thing they've been pushing for both symbolically and legitimately over the years?
I can't remember the last time I thought "Gee, the republican party ISN'T trying to dismantle the structure through which we work as a collective and create civilization!"
Yes, they're legitimately crazy. This isn't like a circus or an old school wrestling promotion where you play a character and are expected to stay in character 24/7 for the purpose of the show. When people say outrageous things, sometimes they're bluffing, but when they do it time and time again, chances are, it's not a fucking act.
AstroNut325, for instance. Why does THIS change your opinion when this is the kind of thing they've been pushing for both symbolically and legitimately over the years?
I can't remember the last time I thought "Gee, the republican party ISN'T trying to dismantle the structure through which we work as a collective and create civilization!"
So where are we at to just getting the clean bill?
Or better yet, What pieces of extortion are still in the bill that need to get kicked out before it can realistically be passed and signed?
jamesinclair
Banned
Which is....?
No one wants the Renminbi.
The Euro has a bad rep due to all the "Euro breakup is right around the corner!' Wackos
The Yen is garbage
Swiss economy is too small
English economy is too small
???
Well, I was trying to snag a "neutral" site, but didn't get there apparently.
davepoobond
you can't put a price on sparks
Quatloo
Ether_Snake
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Basket currency?
Lagspike_exe
Member
Renminbi is getting a stronger backing every day. If the Chinese economy continues to grow strongly, it will be a viable alternative to the dollar, especially in Asia.
I love how the party that claims that government doesn't work is the party that broke the government to somehow prove that government is broken.
Angry Grimace
Two cannibals are eating a clown. One turns to the other and says "does something taste funny to you?"
If they were internally consistent you'd expect them to take a closed government as some form of success. I'm not sure why they are pointing fingers in hysterics about whose fault it is when, after all, government is not the solution but the cause of our problems.
Thanks but that was an actual inquiry into the specifics I was making. From what I've read I understand the Vitter thing as essentially acting as a paycut to congress by overthrowing how the rule making the ACA apply to them was interpreted.
Not a Republican dude.
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