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A Debt Ceiling Fight Stretching Into November? Bond Traders Increasingly Say Yes
Until yesterday, all the action in T-Bills - that was creating anxiety in the credit markets - was focused on the end-of-October bills. But now, despite the Boehner restatement of his desire not to end-the-world yesterday that realistically said nothing new, the mid-November Bills are starting to blow higher in yield. It seems confidence in a short-term solution to the shutdown/CR/Debt-Ceiling debacle is not expected. The 11/14/13 bill is up 8.5bps to 13.5bps this morning...
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Meh...
http://finance.yahoo.com/q?s=fb&ql=1
Let's be honest. Nobody is really fighting.
Mo-rotic! (if only they could settle down and find a nice beard and make some quiche)
The casting is solid.
The long-haired California dude with the drug habit and tattoos is clearly Blue Team.
The crying-orange dude with the blow dried hair and weak chin is obviously Red Team.
At least in Canada the politicians really fight:
http://www.youtube.com/watch?v=fYlWiZMhaLE
(Real boxing match between leader of the Liberal Party of Canada and Member of Parlaiment and a Conservative Senator)
Went to a session of Parlament and a Hockey game broke out.
That's an insult to professional wrestling.
Come to think of it, I'd like to see John Boehner and Harry Reid duke it out in the ring. Just think of the possibilities for the card. And a mixed-gender match featuring Kelly Ayotte vs. Ted Cruz.
Sounds like a pay-per-view I'd purchase.
'Professional' wrestling...lol. I'd rather see them duke it out in MMA, a real sport.
Or, they could do what Zell Miller wanted to do against Chris Matthews back in 2004: Square off in a DUEL!
http://www.youtube.com/watch?v=RAVLs3C3AYA
Interestingly, beside NOvember bills, TODAY spot equities are up on the swell news as well!
No, let's be honest.. There won't be a Federal Government left to have a budget to fight about at all by November!
'Fighting'....yea like watching a bunch of clowns stick their heads up their asses and fight for air.
I'm not saying we could pay down the national debt, but we could make a dent and help morale by auctioning off this very process for all 535.
There have been 16 years of continuing resolutions (CRs). There probably hasn't been a 'real' budget since then. Some parts are now funded by fees and not income (taxes). Then there is all the creative finance going on and derivatives. Its all a Frankenstein's Monster. Maybe they should put a stake in it and let its rotten corpse go....ITS BEEN 16 YEARS OF FAKE BUDGETS AND CRs !!!!! Two decades ago we used to look at the tax income then 'live' within that...except of course SS, Medicare and entitlements....but otherwise it was pretty honest....these days its rotten to the core and bad to the bone.
these crooks will agree on everything before you know so they can have their year end rally to the stratosphere
Just raise the debt ceiling another eleventy trillion already and get it over with. It's not like it ads any more debt to the national debt....at least that's what Zero tells me.
Edit....OT.. It looks like Squiddy is dead:
http://www.grindtv.com/outdoor/nature/post/beachgoers-in-spain-discover-30-foot-giant-squid/
What a monster...that's 20,000 Leagues Under the Sea stuff, Captain Nemo and all that...brings back memories of great movies...and Captain Ahab and the Melvillian imagination
Just make up whatever....claim we just minted a billion $1 trillion dollar platinum coins...who really cares? The morons with Stockholm Syndrome will keep buying into it, convinced they got it all figured out and claiming they're making lots of 'free money', believing their own bullshit until they're scalped one day, and the rest of us won't ever believe it so just put on a good show overlords! That's all that really matters anyway.
Bond yields are going up too, the 5yr up 2pct.
OT: Bitcoin retraced losses from 3 days ago, now trading at $136. When the SlkRoad news broke out I bought few coins at $115-117 (too bad I didn't have more money at that very moment).
Greets to resident Bit-bashers, you made great calls guys!
I haven't been one to add to your thumbs-down tally; but really, I would think that the effect on bit-coin of just that one raid (on Silk Road) would give you pause. What do you think the effect of simply PROPOSED legislation would/will have... ??
Methinks your ass is hanging in the wind, my friend.
Keep going... bet it all!
/popcorn.
Double the debt ceiling to $34 trillion and be done with it for a few years. The democrats want unlimited spending so it's unlimited debt.
It's QE and spenting until the US dollar dies.
But a USA debt based USDinker dollar will never fail and will remain a debt based currency for ever. Long live our gov goon platooning freak showers in DC. The shit house of distribution central. Governments never print currecies into worthlessness and our gov is different as the debt based reserve currency USDinkedr dollar. The daisy chain debt implosion was inevitable the sewage distributors have timed the fail perfectly. Between wars, banksters milking the citizens down to their last farthing, and corrupt politician heading for the tarmc to destinations unknown; it all is glaringly obvious. All the the fane stream media hype is from the last Aug '11 debate. You don't think there's anyone really left in DC do you? Hey! DC get nuked this 1st fiscal new year quarte and I'm right the rat bastards all faked their deaths.
So how many billions did the FED lose again this morning?
The original debt limit calculation was October 17th. With the government shutdown we should be able to stretch that out a bit. And if the non-essential employees never come back we could even be close to a balanced budget!