This article has an original date of 6/20/2011. Some of the reasons below seem to have as much “unknown impact on the US” as a debt default. There are a lot of factors leaning in the wrong/bad direction, that seems pretty certain. ========== So anyone that believes that we are headed for another depression is certainly not crazy. The following are 19... Read more
Archive for the ‘US Debt’ Category
Obama Playing Russian Roulette? – R Benko
July 26 | Posted by mrossol | Economics, Obama, Party Politics, US DebtRight on the money… =========== Ralph Benko, Forbes-commentary: President Barack Obama is on the verge of terminally discrediting himself by playing some very bad games very badly. The means of avoiding default are crystal clear. Obama is not just ignoring them, but evading them. He is guilty of playing Russian Roulette with America’s creditworthiness. His administration is playing Three Card Monte with... Read more
AttaBoyBoehner – Joel Rossol
July 26 | Posted by mrossol | Economics, Obama, The Left, US DebtNot a bad perspective for a young man [of whom I’m proud]. (emphasis, his) === If Obama REALLY THINKS we are going to stumble into disaster should the debt limit not be rasied… then it seems to me that as a leader… the impetus is on him given he is largely responsible for getting us into this mess. But he cares too... Read more
Damage Done
July 26 | Posted by mrossol | Debt, Economics, Obama, US DebtThoughts of John Melloy, Executive Producer, Fast Money: (7/25/11) In the eyes of China, the biggest foreign holder of Treasuries, the damage to this nation’s reputation as steward of the world’s safest asset may already be done, even if a last-minute agreement to raise the debt ceiling is hatched. The partisan infighting alone that’s brought the decision to the brink of... Read more
Forget About Black Swans, the One Floating Ahead is Neon
July 23 | Posted by mrossol | Debt, Economics, US DebtNot sure why I haven’t seen anything close to this article yet. Right on the money! Forget About Black Swans, the One Floating Ahead is Neon – WSJ.com. You’ve heard of black swans—events that are unthinkably rare, immensely important, and as unpredictable in advance as they are inevitable in hindsight. Now, with no one ruling out a default or downgrade of U.S.... Read more
The most important point in market history
June 29 | Posted by mrossol | Economics, US Debtvia The most important point in market history Todd Harrison – MarketWatch. Article is just an opinion, but one more in the camp of caution and nervousness. === NEW YORK (MarketWatch) — I would like to start today’s vibe by making a statement: I want to be bullish in here. But I will follow that with an old-school axiom: Hope is not a viable... Read more
