Debt Ceiling

[cottonpicken]

Supposedly the us hit its debt ceiling AGAIN,400
billion in one month.

I don't know what this car crash is going to look like
when its over but i know its not going to be pretty.

Remember it took 200 years to get to the first 1
trillion of debt,and people where horrified when that
happened.

[jensend]

the rock and the hard place keep squeezing closer together. analysts that are suggesting a market crash this month or next are at least saying the market will sometime have to come to reality. the financial and stock markets are in such a fool's paradise that the losses will be horrific. i think we're getting closer to roubini's forecast of a couple years ago. it doesn't matter who the americans elect - there is no fixing this without big downward adjustments in the american standard of living.

[cottonpicken]

Did you see greek bond yields?

Over 45%,basically saying there is 100% chance of
default,lol,this is all so funny in the apocalyptic sort
of way.
Big time suing going on in the banks down south.

Horrible jobs numbers.On labour weekend lol

Inflation around 10%.Which translates into
economic contraction of about 7%,and some are still
wondering if there is a rescission coming.

Obama has leaked the nuclear option in their
housing market.

They are going to let everybody refinance at 4% and
put all those assets on the feds balance sheet and
off the banks.

The ten year anniversary of 9/11.If something was
to happen it sure would help take the spot lite off
important stuff.

[hedgehog]

october 1929 is here again, the govt cannot stop the market.
the uk took all the bad bank assets onto itself in 2008, nearly a trillion pounds, and expects joe in the street to pay for it, while the fat cat bankers get fatter, and the million plus house is in demand.
No wonder there are riots in London.
Those who gained in the property bubble should be losing their shirts now, but they arent.
The UK is in the same mess as the USA, just the numbers are smaller