Others
Aug 2, US-living on borrow time from debt disaster
Post Reply
261-280 of 396
Succes will come, not till both got no more money to spend....hummm.
http://www.bloomberg.com/news/2011-07-25/republicans-push-dueling-plans-with-democrats-for-raising-u-s-debt-limit.html
Republicans one plan, Democratsanother plan. Both Trade Accusations Over Debt Talks.
The Obama administration and House Speaker
John Boehner’s office exchanged charges of intransigence in talks aimed at averting a U.S. default Aug. 2 and tackling the nation’s $14.3 trillion debt.
Boehner’s office said he will unveil a plan today to prevent a default, cut spending and deny President
Barack Obama a “blank check” to borrow more money without further reductions. Boehner told fellow Republicans he was determined to force action on a two-step debt-limit extension that would provide a $1 trillion, shorter-term increase than Obama seeks, defying a veto threat and the administration’s warnings of dire economic consequences.
Hahaha ...... make a astonishing discovery today......
never thought of it before and this goes to show how old assumption die hard........
Fed Reserve create money not print money ..... i was so daft and assumptive that Fed have to go through the old process of getting real physical cash into the market......
BERNANKE It's not tax money. the banks have-- accounts with the Fed,
much the same way that you have an account in a commercial bank. So, to
lend to a bank, we simply use the computer to mark up the size of the
account that they have with the Fed.
stupid me ....
Cheer
LOLX...... aiyoh
Hulumasy y so serious ..... i am caring my own business
i said before its all entertainments and fun on TV and Internet for me
see nickyng also so optimistic ........ y you no confidences in your S-Chip meh???
i like what i am seeing now in the states ..... so much soap opera and drama that i no need waste money on Hollywood movies.... hahhaa
US is dying .... its a fact .... no one can denied that..... the employment is US have decrease with some notable exception like Colorado .... why?
because its famous for preppers - people who prepare for disasters....
At least you still have you S-Chip portfolio chionging with you.......
or do you?
Cheer
during 1997 ASIAN FINANCIAL CRISIS
people all over ASIA enjoyed
lOw lOw lOw lOw prices
Just care our own business. Why should we think too far?MasterNg9999 ( Date: 25-Jul-2011 09:00) Posted:
MORE DRAMA ?????No deal yet on debt crisis. How will Asian markets and Wall Street react?
http://www.csmonitor.com/USA/Politics/2011/0724/No-deal-yet-on-debt-crisis.-How-will-Asian-markets-and-Wall-Street-react
CHIONG AH!!!!!!!!!!!!!!!
Cheer
|
|
relax lah!! EU is not even allowing Greek or Italy to default...do u think USA will DEFAULT ?!?! relax lah! juz buy on any major DIP!! wont be wrong too far off wan! :P
MORE DRAMA ?????
No deal yet on debt crisis. How will Asian markets and Wall Street react?
http://www.csmonitor.com/USA/Politics/2011/0724/No-deal-yet-on-debt-crisis.-How-will-Asian-markets-and-Wall-Street-react
CHIONG AH!!!!!!!!!!!!!!!
Cheer
looks like obama also into stocks. wonder whether he into long or short now. by the way this piece of news is in 2009.
WASHINGTON - A
bullish President Obama says the ever-sinking Dow
hasn't gotten him down - in fact, this might be a smart time to buy into
the
stock market.
" What you're now seeing is profit-and-earning ratios are starting to
get to the point where buying stocks is a potentially good deal if
you've got a long-term perspective on it," Obama said Tuesday.
Ask not deal or no deal, Ask what you can do about it, either way.
No deal, let mkt collapse for a few days than buy slowly, got deal buy high sell higher.
Damn these idiot fools.
hahaha more drama!!!!! more entertainment!!!! more soap opera!!!!!
The White House had thought it was on the cusp of an agreement when
Boehner walked from the negotiations, accusing the president of
demanding more revenue at the last minute. Obama disputed this account,
saying his request for the speaker to give up more wasn’t a take-it or
leave-it demand, but part of the negotiating process.
NOOOO!!!!!! NO BABAMA !!!!!!!!!!!! I DONT WANT HIM NOT ON THE SHOW
Congress ditches Obama on debt talks
First came the Biden talks. When those blew up, the Obama-Boehner
talks took center stage. And when that failed, the McConnell-Reid talks
looked promising. And after they faltered, the Obama-Boehner talks tried
to find a new life.
Now it’s all come down to the Boehner-Reid-Pelosi-McConnell talks to solve the debt crisis. Notably absent? The president.
In an extraordinary Saturday evening session in the Capitol, House
Speaker John Boehner (R-Ohio), Senate Majority Leader Harry Reid
(D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.) and House
Minority Leader Nancy Pelosi (D-Calif.) sat around negotiating, on their
own turf, without White House aides present.
The four smiled for the TV cameras during a photo-op at the top of
their 50-minute meeting, but no one would say a word about whether they
had made any progress.
“Bye,” Boehner told a reporter who asked about whether he could reassure the country a deal could be reached.
But after the cameras left Boehner’s office, talks grew tense as the
four argued over the contours of a package that could define the next 16
months of the congressional and campaign season - and have widespread
economic implications.
Reid was “very angry” in the meeting with Boehner and McConnell,
according to a Democratic official. Following the meeting, Pelosi
escorted Reid back to her office because she didn’t want the furious
majority leader to say anything to the press. Reid is “adamant” about no
short-term extension of the debt ceiling, the official said.
For Republicans, taking the talks out of the White House has at least
something to do with optics — very few Republicans want to vote for a
deal with Obama’s name attached to it.
House conservatives have grown deeply distrustful of Obama’s
motivations and were skeptical of the “grand bargain” Boehner was
negotiating with the president. He didn’t share the details of his
negotiations with the House Republican Conference and many of them were
privately concerned about any agreement between Obama and the speaker,
particularly on the thorny issue of tax increases.
During tense negotiations Saturday night, Reid and Pelosi signaled a
willingness to consider a GOP idea to enact a two-step process, calling
for trillions of dollars worth of spending cuts and extending the debt
ceiling by $2.4 trillion through 2012. The idea was similar to one Obama
rejected in his talks with Boehner about a week back - but White House
officials weren’t in the room Saturday evening.
But the leaders bitterly disagreed about the details.
YOU WAIT!!!! HE WILL COME BACK WITH A VENGEANCE!!!!!!!! RETURN OF THE BABAMA!!!!!!!!
Cheer
America's in Debt Crisis. Debt ceiling delay: " It would be a Gun shot self-inflicted wound"
Now -- Debt ceiling countdown.
NEW YORK (CNNMoney) -- It's very hard to see how this ends well.
On Friday, for the third time in a month, Republicans abandoned negotiations with the White House over how to reduce the country's medium and long-term debt in time to raise the nation's debt ceiling.
On Saturday, Boehner told House Republicans in a conference call that he wanted to announce a solution to the impasse by Sunday afternoon before markets open in Asia, a GOP aide familiar with the call told CNN.
It remains to be seen how investors, who have so far mostly watched but not acted on the debt ceiling debate, respond to the latest breakdown.
teeth53 thot: The price to pay for is d one who will run for top job of running the most powerful economy of a debt riddle country. Isit democrat, Mr Obama or the hopeful congress..?.
Democrat lov democracy. Congress lov democracy. That how democracy work.
Obama hinting about Monday's market? he is pressing only for a minimum solution?
" President Barack Obama summoned Republican and Democratic congressional leaders for a new round of talks today on averting a U.S. default after House Speaker John Boehner broke off negotiations on a broader deal to cut the federal deficit.
With the Aug. 2 deadline to raise the debt ceiling approaching, Obama said at the White House last night that “at minimum” Congress must act to avoid a U.S. default that would roil financial markets and damage the economy. He said he was consulting with Treasury Department officials about a default’s potential consequences.
“It’s very important that the leadership understands that Wall Street will be opening on Monday, and we’d better have some answers during the course of the next several days,” Obama said."
Debt ceiling delay: " It would be a Gun shot self-inflicted wound," (they r holding theirs - who die 1st??)
steadylar ( Date: 23-Jul-2011 18:24) Posted:
shooo kids, go play in the playgorund, not in the white house
...yet i still think they will manage to raise the debt ceiling, in time, somehow, like many times b4, simply bcos US wont let itself be down rated
...meantime hold our breath until a breakthru comes |
|
shooo kids, go play in the playgorund, not in the white house
...yet i still think they will manage to raise the debt ceiling, in time, somehow, like many times b4, simply bcos US wont let itself be down rated
...meantime hold our breath until a breakthru comes
Bloody hell! The american politicians hv brains on their arsr-ses! So bloody childish! toying with debts which they hv to pay, playing with fire! When will they ever learn to be smart? Even china cannot save these bloody e-diots.
President Obama and Treasury chief Tim Geithner will have to make hard calls about who gets paid if debt ceiling isn't raised.
teeth53 ( Date: 22-Jul-2011 21:27) Posted:
Beware the debt ceiling vote
NEW YORK (CNNMoney) -- The debt ceiling talks, for weeks now, have been going on behind closed doors. The negotiations have been conducted by a tiny group of legislative leaders and President Obama's top aides.
All the while, the countdown to Aug. 2, when the government will no longer be able to pay all its bills, has marched closer.
Any proposal will still have to be put into legislative language, scored by the Congressional Budget Office and vetted by rank-and-file lawmakers whose votes will decide its fate.
Even after the principal negotiators announce a deal, the rest of Congress will have to be convinced to go along.
The closer to D-Day Washington gets, the messier it will be.
teeth53 ( Date: 21-Jul-2011 23:07) Posted:
|
|
|
Are you a fengshui cap, Master???
Yes, i still am bullish, i hope mkt react and come down for me to get in.
?? andreytan i have thought that you are optimistic about the market......
WHO ARE YOU!!!! GIVE US AH TAN BACK!!!!
lolx....
now we know why Fed Reserve is so against Audit
this is the actual report.....
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation
at least not so bad .... 16 trillion only cause our Singapore dollar to lose 20 cents.....
Cheer
This report came out after mkt closed. Dont know how the mkt will react to this news come MOnday.
http://money.cnn.com/2011/07/22/news/economy/boehner_ends_debt_talks/index.htm
