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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: 24186
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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#17. To: no gnu taxes (#11)
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.
So, what are you smoking today? 8D... LOL.
What trillions of dollars in welfare spending has wrought: That's pictorial proof of the trickle down effect that we were told would lift all boats, when it really only trickled UP to the CEOs.
Those collecting SS either paid into the system or were/are homemakers whose spouses paid into the system.
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...
Imagine the shit being Niagara Falls and the fan being Hurricane Katrina.
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...
He, like so many seems to be getting SS mixed up with SSI.
So what? The system is nothing more than another welfare scheme -- one transfers money from poorer working people to wealthier retired people.
So keep your fucking hands off social security, thats what. Sabe?
Ok, gobsheit... EXPLAIN it. Don't forget to include terms like "oligopoly," BIS, IMF and UN. Please comprehensively explain, in your own words, how allowing a country that is already bankrupt (and defaulting through inflation) to increase the amount of debt incurred will somehow eliminate the debt problem. I'm sure we'll all wait with great anticipation, your elucidation of this vexing problem, and the simple solutions that you clearly have at your fingertips.... Don't forget to include relevant economic data... I'm sure your advanced financial acumen will help you clarify why this is not a simple matter of overspending...
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984: War is peace. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... THEIR God... is the STATE.
Freeloader. Moocher. Parasite.
Imagine the shit being Niagara Falls and the fan being Hurricane Katrina. Better now then passing the problem to our kids. I'm tough. I'll survive.
You do know that the people receiving SS benefits either paid into the system or are beneficiaries of those who did? You also know that SS is currently a solvent system?
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...
You're of the "mind" that if the US defaults on that its debt that it halts both current and future "problems" in their tracks? Do you pay your bills?
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...
So, what are you smoking today? 8D... LOL. LMFAO Great Comeback. Tobacco causes cancer dontcha know. Nicotine the Most addictive Drug. Alcohol the most toxic. After those two, what does it matter? Boehner Humiliated. BUWAHAHAHAHA WUHAHAHA 8D
8D
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
#42. To: mcgowanjm (#8)
A MAXIMUM Wage is imposed.
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
#43. To: Skip Intro (#34)
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
#44. To: jwpegler (#43)
(Edited)
What trillions of dollars in welfare spending has wrought:
#45. To: jwpegler (#41)
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.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#46. To: A K A Stone (#7)
Time for the shit to hit the fan.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#47. To: war, jwpegler (#45)
Those collecting SS either paid into the system or were/are homemakers whose spouses paid into the system.
#48. To: war (#45)
(Edited)
Those collecting SS either paid into the system or were/are homemakers whose spouses paid into the system.
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
#49. To: jwpegler (#48)
So what?
#50. To: Godwinson (#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.
Freedom is slavery.
Ignorance is strength.
#51. To: Thunderbird (#49)
So keep your fucking hands off social security, thats what.
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
#52. To: war (#46)
Time for the shit to hit the fan.
#53. To: jwpegler (#48)
(Edited)
So what? The system is nothing more than another welfare scheme - - one transfers money from poorer working people to wealthier retired people.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#54. To: A K A Stone (#52)
Better now then passing the problem to our kids.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#55. To: jwpegler (#42)
A MAXIMUM Wage is imposed.
#56. To: mcgowanjm (#55)
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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