Ben and Timmy will NOT be pleased...
I guess they’re going to fall back on the social security and military checks again. Since the default drop-dead date is really Aug 10th, Boehner should just let it go there and make barry eat his words that Aug 3rd ss/mil checks won’t go out.
How about this scenario. The debt ceiling is not raised. The government can only spend what it brings in. Voila, a balanced budget. The markets react favorably because not only can the US pay the interest, it is balancing its budget.
No, the dollar is not losing further ground (it's been crashing for years) because there are a few brave souls who believe the GOP may not cave to the commies.
LOL! Oh, there’ll be a default. Bipartisan socialist policies have consequences.
Kenyan shilling does not look good,
Gold is up $16 to a new high of $1618. It appears the gold bugs have no confidence in Washington fixing the problem other than by printing some more worthless paper dollars.
I’m entering a long Aussie Dollar/short USD position right here, at 1.0835
Also considering a Singapore Dollar long...
I knew it. If the US acts like responsible adults, the market will go up.
How to act like responsible. DO NOT raise the debt ceiling and don’t spend money like water