Markets preparing for US government shutdown
- Thread starter goldpelican
- Start date
AngloSaxon
Active Member
Clawhammer said:
I've never watched one of Kyle Bass's seminars.
DanielM said:
Actually worked 2.5 days last week, had a motorcycle accident Wednesday night, spent weds night in hospital and had Thursday off, then HSV had two rdos in a row, one Friday and one today, back at work tmrw morning. HSV is a funny place to work I can tell you, they have 60 casual workers on site all on $22 per hour!
Big A.D. said:
Yes i'm starting to realise all the benefits of 'casual' employment for the employers...... The work I do is quite easy but most of the other guys work quite hard all day for the same $22 per hour rate.... I believe they should get pay more for the amount of work they do...... Thers a fair bit of pressure to get cars done and out of the production line as quick as possible so the customers can get what they have paid for as soon as possible...... The work I do is mostly using air tools so its pretty easy, I would assume I will be trained on the 'advanced' areas after a few months if I even last that long?
Are you using your initivative and actively looking for a better job while holding your job at HSV?
TheEnd said:
in the job a week and allready bitching about it
I predict another long wait on the dole q in your future
Yet the gold and silver markets remains flacid
trew said:Wow another thread gone completely off topic
US govt is about to shut down and potential for default on bonds is rising...
... so of course everybody is flooding into bonds pushing the yield down...
makes perfect sense
in the bizzarro world we now live in
Cant you get insurance against bonds being defaulted ? I dont know anything about the bond market or finances etc I think the term is a Credit Default Swap but im not sure
Yes Volrathy...but I very much doubt that the counterparty will have enough capital to pay out in the event of a default.....and due to the fact that the counterparties of the swaps are invested in the same toxic shit....you would see a domino effect of bankruptcies in same major institutions.....scary stuff.
this is worse than stockmarket crashes...
This is the penultimate wipeout....
These institutions are the very same ones that world trade depends upon
No oil will flow out of the middle east if the banks that deal with notes of credit are insolvent. Then we will truly witness how dependant upon fossil fuels we are. No rice, wheat, potatoes, corn, etc, etc.
In fact world trade would grind to a very quick halt...
This is the 'Mad Max' scenario if world governments do not organise themselves immediately.
Yes, I know gold would probably skyrocket but you are talking about a breakdown in society unseen for a long, long time. I would prefer to have potatoes than gold in this instance.
Too scary to contemplate and certainly not something a man with a young family would ever wish to happen.
This is the penultimate wipeout....
These institutions are the very same ones that world trade depends upon
No oil will flow out of the middle east if the banks that deal with notes of credit are insolvent. Then we will truly witness how dependant upon fossil fuels we are. No rice, wheat, potatoes, corn, etc, etc.
In fact world trade would grind to a very quick halt...
This is the 'Mad Max' scenario if world governments do not organise themselves immediately.
Yes, I know gold would probably skyrocket but you are talking about a breakdown in society unseen for a long, long time. I would prefer to have potatoes than gold in this instance.
Too scary to contemplate and certainly not something a man with a young family would ever wish to happen.
If the US Govt. shuts down.. shouldn't that also mean our old mate Bernnanke will have to cease his stimulus too? 
