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Title: Treasuries Join Stocks Dropping in Markets Overwhelmed by U.S. Debt Debate
Source:
Bloomberg
URL Source: http://www.bloomberg.com/news/2011- ... helmed-by-u-s-debt-debate.html
Published: Jul 28, 2011
Author: Bloomberg
Post Date: 2011-07-28 08:24:19 by go65
Keywords: None
Views: 23717
Comments: 56
Stocks and Treasuries are moving in tandem twice as often as they normally do, a sign investors are growing convinced the U.S. will lose its AAA credit rating and that an impasse among lawmakers may spur losses in both markets. The Standard & Poor’s 500 Index has risen or fallen together with 10-year Treasury notes 80 percent of the time in the last 10 days, compared with the average since 2000 of 41 percent, according to data compiled by Bloomberg. The benchmark index for American shares lost 2 percent yesterday, the most since June 1, and the 10-year bond fell, driving its yield up three basis points to 2.98 percent. Equities and government bonds are reversing their historical relationship because a downgrade and the possibility of default by the U.S. government would put principal payments at risk and curb economic growth that has helped send the S&P 500 up 93 percent since March 2009. Conviction that lawmakers will fail sent rates on bills due next month to the highest level since March 31, data compiled by Bloomberg show. “The politicians should learn from this that they shouldn’t wait until we have our backs against the wall,” Donald Selkin, New York-based chief market strategist at National Securities Corp., said in a telephone interview. Selkin, a 35-year Wall Street veteran, helps manage about $3 billion. “It’s very irresponsible because it can affect the economy and jobs. They’re putting us in a situation where we could have another financial meltdown.”
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#1. To: go65 (#0)
The problem: The instant this happens we lose our Empire. You can't walk back a default. No matter for how short a time the pols think it will be. Corporations will blow up like popcorn. As will Israel...;}
You think those Tea Part inbreds have a clue about world finance?The fact that they reduce the debate to kitchen table analogies shows you how provincial and out of their depth of understanding they are.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
What about all those South American nations that defaulted. They just rewrote their debt. Is Russia better off after the defaulted or worse off today?
Hoy crap! Not only does this prove to me you have no idea what default of the USA would mean for real (comparing America's economic impact on the world to Argentina's) but this shows me you and the righty kooks like you WANT and welcome default.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
And that's the problem. The Baby is throwing lit matches ate the pool of gasoline that the powder kegs are sitting on...;}
And thank you. The S American Banana's did not, do not have Empire. They Do Not have 9 MMBD of oil being imported. They Do Not have their Currency as the World Reserve. And our Main Colony, the EU: "There is no doubt that the Emergent Union, through its latest plan, has now decided to stick together until the bitter end, when death finally does them apart. We are talking about the unilateral decisions of political and financial officials, though, which are not even close to being reflective of what their populations want. Nowhere is that fact more true right now than in Greece. At least 95% of the Greek people are suffering immensely to remain in a Union that fails to benefit anyone outside of the top 5%." All of which is called into question upon Default.. No matter how 'limited'...
I want a default. Time for the shit to hit the fan. That way we can get back on the right road sooner. You assholes just want your welfare checks to continue. Better to default now instead of running up another 10 or 20 trillion then defaulting. Like I said make that commie asshole in the whitehouse pay it back. Put him in a cage and charge admission. Turn him into a slave to pay back the money he illegally spent.
Time for the shit to hit the fan. That way we can get back on the right road sooner. Careful, A K First thing to happen. The FedRes is IMMEDIATELY paid back $16 TRILLION in loans to European Banks and BofA, Merrill, Citi, and Morgan Stanley. Social Security is IMMEDIATELY made hands off for it's the ONLY solvent thing in DC. The Military is cut in 1/2 as our EMPIRE is gone, so we don't need it anymore. A MAXIMUM Wage is imposed. Oh, and State's Rights Uber Alles. The Confederacy wins....LMFAO 8D
Everything you mentioned is opinion. I said I want default. It would better for spending cuts to trim the unconstitutional spending (most all of it). But default is better then raising the debt ceiling. I would rather deal with this now then have my kids deal with it in 20 years or less. But liberals are selfish and they just want government money. Liberals by definition are very lazy and ungodly.
Liberals are dead. Than Reagan...;} Just Dirtyy Fuckin Hippies now...8D Think Greec = USSA now. " These tax cheats have little to fear. As Panos Kazakos, an Athens-based professor of politics, puts it: "I have never seen a single person put in jail for tax evasion." Robolis adds that the government, which supposedly has no money available for social services, just published a list of companies that owe the state a total of €9 billion in social contributions -- but it does nothing to get that money."
Obama's official position on raising debt ceilings I rise today to talk about America's debt problem. The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is "trillion'' with a "T.'' That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President's budget will increase the debt by almost another $3.5 trillion... Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here.'' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
Time for the shit to hit the fan. Right wing = Apocalyptic kooks. You don't negotiate with kooks out to end the world.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
the tea partiers in Congress, who have all voted to add $6 trillion to the debt over the next 10 years, are arguing against any increase in the debt ceiling. Maybe one of our tea partier forum members can explain how the tea party is both against raising the debt ceiling and in favor of increasing it by $6 trillion over the next 10 years.
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Who said I want to negotiate with your side. I simply want liberals destroyed, gone, no more.
Tell me about Rand Paul again.
You need to stop with the talk of suicide.
the country's finances were a bit different in 2006. If Bush hadn't slashed taxes in 01 and 03, spent a trillion on wars without paying for them, and not enacted Medicare Part D, again without paying for it, the debt ceiling wouldn't be much of an issues now.
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there's a guy in prison in Norway who thinks like you do.
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I'm talking about as a political force. There will always be stupid people with us. I just want them in the extreme minority with no power. You know the way it used to be.
Tax receipts increased after Bush tax cuts. The tax cuts were good. He should have raised them on people who don't pay any taxes though. They need to get rid of that tax loophole. You know tax the poor at 5 percent or so. Rich should pay like 10 to 15 percent. I do agree with you on the wasted money from the unconstitutional wars.
The 'way' it used to be was everyone, especially military veterans voted Democrat in their local and congressional elections and every 3rd pres cycle.
Boosted the economy and Obama loves it as he has left them in place!! Medicare Part D And the Democrats problem with it is that not enough money was being spent. So we've still got Medicare reform and the tax cuts. Nothing has changed. You people and your Kenyan leader are full of shit.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
Obama left them in place so he could get a payroll tax cut. It was enacted by Republicans, maybe you missed that. So by your logic the fact that the Boehner plan doesn't touch Medicare or SS means that Republicans love those programs. Glad to hear it!
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Yes, he did, your rationalization for his hypocrisy aside. It was enacted by Republicans, maybe you missed that. So you have a problem with Republicans making prescription drugs for seniors affordable? What in Obama or the Dims proposals shows they think repealing it is a good idea? Oh, I forgot, they are such gutless pieces of shit, they didn't even pass a budget for 2 years. So by your logic the fact that the Boehner plan doesn't touch Medicare or SS means that Republicans love those programs. Boehner is just a pragmatist, which is why he is having a problem with the courageous members of his own party. When the GOP proposed entitlement reform, you accused them of wanting to throw old people off cliffs. You are so full of shit.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
Dropped initially then increased for 2 or 3 years. That's it...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Yea so? In your feeble mind is that a Get Out Of Jail Free Card for the GOP spending that money?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
When was that?
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
there's a guy in prison in Norway who thinks like you do. He walked right into that one.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Must have been before 1994 and the Pub majorities in Congress.
See, who says we never agree on anything! I agree with you 100% Hopefully in 2012 we can restore the stupid people back to an extreme minority so they no longer control the House of Representatives. :-)
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Meg Whitman laments the good old days. "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
When was that? Before FDR and his raw deal.
You corrected me the other day. I was wrong when I said Badeye only used your name once. Sorry for the mistake.
The Good Old Days Here's to hoping you get to personally relive them, Stone.
No worries. Have a good day. Regards, America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Can we call you MUD from now on? The other guy who used that name seems to have been vaporized.
I like those school seats. That picture is a keeper.
Yeah, where did that loon go?
Funny...good catch... Wonder what did happen to Mudd...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
I think that little girl in the picture on the left is about to get eaten by a wolf.
That's exactly right. A lot of the leftists on this site seem to be relatively well-off retirees who are collecting Social Security, paid for by younger struggling families. It's not right.
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Top • Page Up • Full Thread • Page Down • Bottom/Latestthe U.S. will lose its AAA credit rating
#2. To: mcgowanjm, go65 (#1)
You can't walk back a default. No matter for how short a time the pols think it will be.
#3. To: Godwinson (#2)
#4. To: A K A Stone, go65 (#3)
#5. To: Godwinson (#2)
#6. To: A K A Stone (#3)
(Edited)
What about all those South American nations that defaulted.
#7. To: Godwinson (#4)
#8. To: A K A Stone (#7)
I want a default.
#9. To: mcgowanjm (#8)
#10. To: A K A Stone, All (#9)
#11. To: go65 (#0)
#12. To: A K A Stone (#7)
(Edited)
I want a default.
#13. To: Godwinson, jwpegler, mcgowanjm, a k a stone, lucysmom, war, no gnu taxes (#2)
You think those Tea Part inbreds have a clue about world finance?The fact that they reduce the debate to kitchen table analogies shows you how provincial and out of their depth of understanding they are.
#14. To: Godwinson (#12)
Right wing = Apocalyptic kooks. You don't negotiate with kooks out to end the world.
#15. To: go65 (#13)
all
#16. To: A K A Stone (#14)
Who said I want to negotiate with your side. I simply want liberals destroyed, gone, no more.
#17. To: no gnu taxes (#11)
Obama's official position on raising debt ceilings
#18. To: A K A Stone (#14)
Who said I want to negotiate with your side. I simply want liberals destroyed, gone, no more.
#19. To: go65 (#18)
#20. To: go65 (#17)
#21. To: A K A Stone (#19)
(Edited)
You know the way it used to be.
#22. To: go65 (#17)
If Bush hadn't slashed taxes in 01 and 03
#23. To: no gnu taxes (#22)
Boosted the economy and Obama loves it as he has left them in place!!
And the Democrats problem with it is that not enough money was being spent.
So we've still got Medicare reform and the tax cuts. Nothing has changed. You people and your Kenyan leader are full of shit.
#24. To: go65 (#23)
Obama left them in place
#25. To: A K A Stone (#20)
(Edited)
Tax receipts increased after Bush tax cuts.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#26. To: no gnu taxes (#22)
And the Democrats problem with it is that not enough money was being spent.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#27. To: A K A Stone (#19)
You know the way it used to be.
#28. To: go65, A K A Stone (#18)
Who said I want to negotiate with your side. I simply want liberals destroyed, gone, no more.
#29. To: lucysmom (#27)
When was that?
#30. To: A K A Stone (#19)
There will always be stupid people with us. I just want them in the extreme minority with no power.
#31. To: mininggold (#29)
Must have been before 1994 and the Pub majorities in Congress.
#32. To: lucysmom (#27)
You know the way it used to be.
#33. To: war, badeye (#26)
#34. To: A K A Stone (#32)
#35. To: A K A Stone (#33)
The Mean Ugly DwarF
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#36. To: war (#35)
Regards, The Mean Ugly DwarF
#37. To: Skip Intro (#34)
#38. To: Skip Intro (#36)
#39. To: Skip Intro (#36)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#40. To: Fred Mertz (#37)
I like those school seats. That picture is a keeper.
#41. To: A K A Stone (#7)
You assholes just want your welfare checks to continue.
To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. — Thomas Jefferson
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