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Due to uncertainty - Obama comfirmed Janet Yellen as new FED chief. as there is not much choice, but for QE to continue for a while more.
Oso due to uncertainty , the next to watch out for will be short term extension of debt ceiling and budget to give both parties time to negotiate.
Volatility will continue but bright spot is just abit more visible. Market is still likely volatile..
| teeth53 ( Date: 08-Oct-2013 07:53) Posted: |
Obama famous word. " I will not negotiate" to Congress
Recession risk
Many economists expect a U.S. recession if the country's debt ceiling isn't raised. More
Traders are talking about the prospects of " dirty prices" and other debt default oddities. More
http://www.cnbc.com/id/101080833
what Americans expect: compromise.
It is reasonable to request that the president postpone the individual mandate one year (as he has done for the employer mandate) and that members of Congress obtain their health insurance on the same terms required of ordinary Americans. The president's refusal to accept any changes in the ACA and special treatment for politicians is tyranny.
Terms that Republicans have laid down for raising the debt ceiling?more development of offshore oil, rethinking financial reform and changes to other regulatory policies?are broadly consistent with the public sentiment for a focus on job creation.
(Read more: Shutdown is nothing: Debt ceiling debacle could be real ugly)
If the debt ceiling is not raised by Oct. 17, the United States need not default on its debt as the president threatens. The Treasury continues to collect taxes, and the president will simply have to prioritize what bills he pays and what services he suspends, and place interest payments ahead of other items.
Peter Morici is an economist and professor at the University of Maryland's Smith School of Business, and a widely published columnist.
http://www.cnbc.com/id/101075472
Because the president is unwilling to compromise on almost anything, the GOP was left with no other options, says Peter Morici.
As a world leader and elected to the highest office as U.S. America President and world biggest economy state.
His head is getting bigger, while not changing his hat. As the blame game start,.
Will he as a responsible world leader end this fallout from U.S. govt shutdown hurts him and the rest of the world?.
This resposibilities rest n weight on President Obama shoulder.
teeth53 ( Date: 28-Sep-2013 14:13) Posted:
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Obama famous word. " I will not negotiate" . Congress said....
If Obama is still very stubbornly want it to do it his very own way. It will not work his way. Compromise, compromise n common pro-useage....will settle the debt silly ceiling. Both houses will lock horn to make history for the 1st time. Possible govt really can shutdown this time. No child play.
Unless Republicans controlled lower house of Representatives won some concessions or roll back the affordable care Act known as Obamacare.
teeth53 thot - Change Obamacare health policy to NATIONAL NATION HEALTH Policy. Or else both Democrats and Republicians can just sit around n begging for America to fail come Oct 17, 2013.
teeth53 - 4-Oct-2013 (Friday)
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Boehner chided both President Barack Obama and Senate Majority Leader Harry Reid for what he called their refusal to negotiate over Republicans' concerns about Obamacare.
Blasting reports depicting the impasse as a tally of winners and losers, he shouted, " This isn't some damn game! The American people don't want their govt shut down, and neither do I!"
The govt went into partial shutdown Tuesday after lawmakers failed to settle a dispute in which Republicans are demanding the dismantling of Obama's signature health-care law in exchange for approving a deal.
On Oct. 17, the govt is expected to hit the so-called debt ceiling, setting up another fiscal showdown with potentially more dire economic consequences.
(Read more: Treasury warns default could be 'catastrophic')
teeth53 ( Date: 04-Oct-2013 12:39) Posted:
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More room for back door negotiation n a last minute solution.
Starting with none others than Omaba himself first. Sound like no fault of himself.
A few financial institutions are doing just that betting govt will default on its debt if Congress can't agree to raise the debt ceiling this month.
If the U.S does default, they could reap a total payout of around $3.4 bil.
Sound like a lot? Actually, investors seem less convinced that a default will occur this time around than they were during the last big debt ceiling scare in the summer of 2011. Back then, they held contracts that would have paid out about $5.6 billion in the event of a default, according to the Depository Trust and Clearing Corporation.
http://money.cnn.com/2013/10/03/news/economy/debt-ceiling-default/index.html?iid=HP_Highlight
" If the confidence in the reliability of payments were cast into doubt, the consequences for the budget, the U.S. economy, the U.S. and global financial systems could be large and lasting and very damaging," Douglas Elmendorf, the current CBO director, told Congress recently.
teeth53 ( Date: 17-May-2011 20:51) Posted:
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http://www.cnbc.com/id/101047518
Whenever the govt is going to exceed a debt limit?meaning it needs more funding for current debt?Congress has to vote its approval to raise it.
As of September 2013, the debt limit is $16.7 trillion. But President Barack Obama has asked Congress to raise it.
According to the Treasury Department, raise debt ceiling which has happened. Since 1960, Congress has acted 78 times to permanently raise, temporarily extend or revise the definition of the debt limit?49 times under Republican presidents and 29 times under Democrats.
In 2011, a debt ceiling crisis was part of the ongoing debate in Congress about the appropriate level of govt spending and its consequential impact on the national debt and the debt ceiling. (National debt is the sum of all outstanding debt owed by the federal govt. It includes not only the money the govt has borrowed, but also the interest it must pay on the borrowed money.)
The crisis was resolved with a complex deal that raised the debt ceiling and reduced proposed increases to future government spending, but it did not avert similar debates for future budgets.
?By CNBC.com.
It would " threaten the jobs and savings of everyday Americans."
Meanwhile, networks have shifted from counting down to the shutdown, to counting up to mark how long the shutdown has lasted!
12:00: And there you have it (no showdown, it a shutdown, effecting about 800,000 personnels)
| teeth53 ( Date: 01-Oct-2013 11:54) Posted: |
U.S. debt ceiling threat: Millions won't get paid
The unthinkable for Treasury - not being able to pay all the country's bills in full and on time - is becoming a distinct possibility as Congress fails to move to raise the debt ceiling. The consequences of inaction would cause a cascade of problems.