Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 6 of 119
Quote:Once upon a time, the boogeymen and naysayers and chicken littles were pointing out the bloated Federal Debt and excessive Democrap spending on Libtard policies and fantasies. Yet they were right.
Originally posted by second:Quote:They can be hurt a second time:
Originally posted by 6stringJoker:
The financial crisis that happened then and is still very strong a decade later didn't really effect me all that much. A lot of people I care about were hit pretty hard though.
How Bad Will It Be If We Hit The Debt Ceiling?
The odds of a self-inflicted US debt crisis now look pretty good: hard-line Republicans are eager to hold the economy hostage, Democrats are in no mood to make concessions, and Trump is both spiteful and ignorant. So it looks fairly likely that by October or so there will come a day when the U.S. government stops paying some of its bills, including interest on debt.
How bad will that be? The truth is that we don’t know; but it may be helpful to talk about *why* we don’t know.
Until now, US debt has played a special role in the world economy, because it is — or was — the ultimate safe asset, the thing people can use to secure transactions with no questions about it retaining its value. In a way, the dollar is to other moneys as money is to other assets, and US dollar debt is the form in which dollars are held with ultimate safety.
Taking away that role could be very nasty. One prominent interpretation of the 2008 financial crisis is that it was a “safe asset shortage“: when people realized that those AAA securities engineered from subprime loans weren’t the real thing, they scrambled into an inadequate supply of trill safe stuff. Deprive them of dollar debts as safe assets, and terrible things could happen.
The question then becomes whether an interruption in payments would really knock out the special role of U.S. debt.
Suppose that everyone expected normal payments to resume, with back interest, in a couple of weeks. In that case, even a slight discount on, say, Treasury bills would make them a very good investment — so speculators would basically step in and support the value of U.S. debt despite temporary default. In that case default might not be that big a deal.
The big problem would come if investors see the default as more than a temporary glitch — if they see it as a sign of enduring, critical dysfunction in American governance. In that case they wouldn’t necessarily step in to buy our debt, and their confidence in the whole economic edifice would take a severe hit.
https://krugman.blogs.nytimes.com/2017/08/07/how-bad-will-it-be-if-we-
hit-the-debt-ceiling/
Somehow, now the Libtards have shifted focus and proclaimed that the Limits to Federal Debt - aka Debt Ceiling - are the impending apocalyptic obstacle which will drive America (and the World) into economic collapse. Apparently Debt Ceiling Increase addiction is worse than crack, coke, horse, or absinthe.
Anybody who is against fiscal control, debt reduction, deficit elimination, spending control is the hero, the goodest of guys.
Any patriot who is for those same items is evil, corrupt, backwards, and the Devil.
Sometimes I wonder if the protection rating for blinders has increased over the years.
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Quote:Perhaps the GOP Congress will forever (and I do mean forever, not just for a week or two) not raise the Debt Ceiling since it is a matter of Republican principle. Then we never again have to speculate about the consequences, since everyone (Democrat, Republican, or neither) would finally know for certain if it crashes the stock market. We already know it would crash the bond market, because who would trade federal bonds that don't pay interest?
Originally posted by JEWELSTAITEFAN:
Once upon a time, the boogeymen and naysayers and chicken littles were pointing out the bloated Federal Debt and excessive Democrap spending on Libtard policies and fantasies. Yet they were right.
Somehow, now the Libtards have shifted focus and proclaimed that the Limits to Federal Debt - aka Debt Ceiling - are the impending apocalyptic obstacle which will drive America (and the World) into economic collapse. Apparently Debt Ceiling Increase addiction is worse than crack, coke, horse, or absinthe.
Anybody who is against fiscal control, debt reduction, deficit elimination, spending control is the hero, the goodest of guys.
Any patriot who is for those same items is evil, corrupt, backwards, and the Devil.
Sometimes I wonder if the protection rating for blinders has increased over the years.
Maybe interest payments on treasury bonds would be prioritized, which means there wouldn’t be a default on bonds. Instead, Social Security checks and Medicare payments to doctors could be delayed. Decisions, decisions for poor old Trump.
Technically, the Federal Treasury is already in trouble www.treasury.gov/initiatives/Documents/DL_SLGS_20170308_Ryan.pdf
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It occured to me today that the higher the Dow, the shorter the slope iz to a big drop. The feeling uv precariousness naturally increasez with the record highz along with the feeling that sumwun haz alredy made alot.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Quote:
Originally posted by JO753:
It occured to me today that the higher the Dow, the shorter the slope iz to a big drop. The feeling uv precariousness naturally increasez with the record highz along with the feeling that sumwun haz alredy made alot.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
You've been predicting and cheering for a Dow meltdown since your first post in January.
You've been so WRONG for so long, it's no wonder the ONLY way you can deal with your titanic ignorance is by continuing to be a whiny cunty pisspot.
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I'm jus sayin iz all! No need to get insulting.
Do you hav a bunch uv money in it?
Herez a Q for JSF - Looks like Trump iz about to get us into a shooting war with NK, so will it be a + or a - for the stok market?
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Nothing is going to happen with North Korea. Nobody there suffers from some sick ideology like Islam, and they're well aware that there is no ROI in starting any shit. No matter what potential consequences that would lead to elsewhere, everybody knows it would end badly for them... including the NK leadership.
Kim's just a tiny little dog with a big bark. He wants attention.
They should open the doors and integrate with South Korea. Then they could enjoy K-Pop and Kim can make the next Gangam Style video and everybody lived happily ever after.
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Quote:That depends.
Originally posted by JO753:
I'm jus sayin iz all! No need to get insulting.
Do you hav a bunch uv money in it?
Herez a Q for JSF - Looks like Trump iz about to get us into a shooting war with NK, so will it be a + or a - for the stok market?
Is he going to drop million dollar bombs on empty tents like Slick Willie and Bobo?
Is he going to send in boys and girls with bayonets?
Or is he going to have a military plan, abide it, and have a goal or conclusion to shoot for?
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Odd how you skipped over Bush, the guy who dumped a trillion or 2 into Irak.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Quote:why are you lying?
Originally posted by second:Quote:They can be hurt a second time:
Originally posted by 6stringJoker:
The financial crisis that happened then and is still very strong a decade later didn't really effect me all that much. A lot of people I care about were hit pretty hard though.
How Bad Will It Be If We Hit The Debt Ceiling?
The odds of a self-inflicted US debt crisis now look pretty good: hard-line Republicans are eager to hold the economy hostage, Democrats are in no mood to make concessions, and Trump is both spiteful and ignorant. So it looks fairly likely that by October or so there will come a day when the U.S. government stops paying some of its bills, including interest on debt.
Are intentionally lying to Fans of Firefly?
Or are you just ignorant enough to regurgitate your spoon fed Libtard fantasies?
The 14th Amendment Section 4 ensures that if the Debt Ceiling is reached, the first payments that will be made will be the debt obligations. The government has a continuous stream of incoming revenues, which easily cover the debt payments. The part that is not before debt obligations is the overbloated wasteful liberal spending, which is why Libtards are apoplectic about the possibility. The government can shut down again and the debt payments will still be made.
The health care Insurance industry can return to it's prior efficencies without the burdensome shackles of Obamacare for a few days, or forever.
Your favorite libtard programs can go on hiatus until a balanced budget gets passed, but the debt payments will still be made.
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Quote:sounds like Democrat Peoples Republic of Korea's fat kid launched a missle which violated Japan's airspace.
Originally posted by JEWELSTAITEFAN:Quote:That depends.
Originally posted by JO753:
I'm jus sayin iz all! No need to get insulting.
Do you hav a bunch uv money in it?
Herez a Q for JSF - Looks like Trump iz about to get us into a shooting war with NK, so will it be a + or a - for the stok market?
Is he going to drop million dollar bombs on empty tents like Slick Willie and Bobo?
Is he going to send in boys and girls with bayonets?
Or is he going to have a military plan, abide it, and have a goal or conclusion to shoot for?
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME