Just heard this on the radio.... and it's in the news also. http://www.cbc.ca/news/business/story/2013/01/31/business-debt-ceiling-approval.html
It is actually quite mind-boggling that the bond vigilantes haven't started their exodus from US Treasuries, and that yields have remained so low. 2 year Treasuries are at 0.27% :lol: Especially when the top Democrat in the Senate makes a statement like this: EDIT: Just rethinking, maybe its different this time because the bond vigilantes are actually foreign creditors. So geopolitics comes into it.
Well we got allotta sideways action coming this year.... Apparently this new deal will get them thru until August.... I'm soooo over waiting for this apparent debt explosion to go off.... Is it ever actually going to happen? I have also heard from one online source that they will do all sorts of tricks to prevent a default EVER happpening at all..... So why should I stack pm's I'm beginning to think???
Not sure how this news could be considered negative for PMs? If anything it was exactly what most gold-bugs expected well in advance. Anybody who thinks the US will default soon needs a reality check.
Hey, the longer they go sideways the more I can buy. But, I'm in this more for savings than investment.
they could deflate. actually cut spending. highly unlikely but a lot of people like to hold their fire until they see the whites of the eyes.
Everybody knows it cannot go on forever and the day of reckoning will come, but nobody can know when That day of reckoning could be next week or it could be in 10 years time.
Here's the latest... Obama just passed the new deal.... We've got until May 18th now. http://www.globaltvbc.com/world/obama+signs+bill+raising+us+debt+ceiling/6442802356/story.html
"Experts say that will allow the government to borrow about $450 billion to meet interest payments" [youtube]http://www.youtube.com/watch?v=X6WHBO_Qc-Q[/youtube] never go full...