If you were a global fund manager right about now, buying US debt between 1-4-6 month government spazz outs would hardly be appealing. I wouldn't be surprised to see US bond yields widen between now and February which gives the US justification to not start tapering QE.
http://www.bloomberg.com/news/2013-...es-rise-amid-budget-talks-as-apple-gains.html Changed their minds again? I think they will "kick the can" still, but in what direction who knows....
Gees they hav'nt come to a deal yet things are heating up and thers only one day left ? Will the U.S Government actually default?
Well they only got approximately 24hrs left! As far as this latest article goes the SHTF...... Geesus they may actually default you guys? http://www.bbc.co.uk/news/world-us-canada-24543581
It won't happen because everyone would see that it's not the massive deal everyone has made it out to be. By defaulting they just won't be able to borrow more, they'll still have to pay back the debt lol. Imagine if you borrowed $100,000 a year and just kept paying the interest and getting extensions every year... Eventually you would get knocked back on the limit increase, but you'd still have to pay back everything you borrowed wouldn't you?
Ye I understand that Col..... They must be just playing this out until the very end, the 11th hour as they say? I got no idea whats going to happen?
I must confess, I would be surprised if they defaulted, but I reckon both sides are too afraid of a stock market crash since they've worked so hard to make a bubble lol.
Well they're all certainly stuffing around backwards and forwards and sideways in getting a deal done.......I guess we will just have to sit and wait and find out tmrw?
jThe teaparty would want a default. It would prevent spending and show their power. They can force it. And they are crazy rednecks.
If the US was to default I would doubt there would be an election next year. It would be anarchy or a dictatorship
