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Stocks And USD Surge On Regurgitated House Republicans "Clean" 6-Week Debt-Limit "Can-Kicking" Bill
As we noted last night, finally, it appears that the resolution to the debt ceiling, now due to hit in one week, will be a 6 week can kicking to late November, early December so the whole thing can repeat again, while the government shut throughout according to the GOP proposal, which also means no nonfarm payroll reports for September, October and November:
- *HOUSE REPUBLICANS SAID CONSIDERING CLEAN 6-WEEK DEBT-LIMIT BILL
- *REPUBLICAN LEADERS TO PRESENT PROPOSAL TO MEMBERS TODAY
- *U.S. GOVERNMENT WOULD REMAIN CLOSED UNDER HOUSE PROPOSAL
The USD and Treasury Yield are soaring, US equities are waking up slowly to the news but T-Bills remain unimpressed for now. Bear in mind this was originally reported on October 5th.
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and GLD is break dancing.
Any port in a storm.*
*All ports closed until government re-opens.
As expected, bitchez.
must....get.....stocks....over....the 100day.....and trendline.....OR ELSE
Hey it's not free heroin yet, but i hear rumors maybe we'll get a bit of methadone for a few weeks! Hooray! Let's PARTAY!
And bang, just like that gold is hit again pre-market. Kinda feeling like those people trapped for hours on that Disney roller coaster, ugh.
as long as the price of gold is something that flashes across your t.v screen it will never be what everyone on here wants it to be.
the generational lows are in.. yesterday was the lifetime buying opportunity
Possibly for the PM's. Equities---ha, ha. Generational lows for equities are a ways down the road (2016) yet...
Let's kick it to Christmas, so we can REALLY harass the public!
LOL!! yes, yes, tick tock motherfuckers...
My guess is that the ten year will be back above at least 3% by then.
sadly when trying to get my so called conservative congressman to release the Barrett Report,( I do not forget the crimes of the clinton adm, look it up if you do not know what the Barrett report was about (corruption at the highest levels of .gov both R and D decided the public did not need to see the report tho their own laws required it to be made public, Oh well water under the bridge)..as an aside the congressman's rep said out of the blue, don't worry we will incr the debt limit, I then knew the DC gang hangs together, R and D.
of course they r going to cave. also how fitting the meeting is at 445, wouldnt want any possible bad news to come out during market hours
So now it's six weeks until the "unconditional surrender", got it.
"US Government would remain closed..."
What the fuck ; only things closed seem to be parks and boat ramps.
And those are guarded to prevent usage.
When the repubs cave, my only hope is they cave big time and give a blank check. There is a point in time when a house is burning that you give up trying to put it out and just sit back and watch, accepting the result.
I'm with you. Let 'er burn!
BO is not going to agree to a government shut down for six weeks while they hack out a new budget and debt ceiling limit. I don't think it is gonna work that way. Ted Cruz needs some different ideas to go with his ham and eggs.