A Look At Events In The Week Ahead: All About The Debt Ceiling.... Again

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
westboundnup's picture

Debt deal will take place guaranteed.

jkruffin's picture

I say everyone do a bank run on the Treasury....if you have a TD or TD-L account, pull it all out this week.  Don't let it sit in there for Geithner to get his hands on it and claim they can't pay.  I just pulled mine this morning.

 

RunningMan's picture

And exactly where did you put it all? FRNs in the mattress? The barbaric relic? There aren't many good alternatives.

cossack55's picture

How about anywhere with no counterparty risk.

johny2's picture

The USA debt ceiling thing reminds me of the begginings of the greek tragedy . The politicians taking opportunity to score some easy shots while fire grows bigger each day. They will eventually make some silly attempt at controlling the debt crisis from growing, only to fail, as it gets more serious week by week. 

cossack55's picture

I won't take any of them seriously until I see some CONgressional self-immolation happening on the steps.  Pure entertainment.

johny2's picture

I meant that they will keep bickering and backstabbing as the seriousness of the USA debt reality comes to the daylight, not that they will get serious about actually doing something productive.

RockyRacoon's picture

... CONgressional self-immolation...

The only thing being set ablaze is your future, your wealth, and your childrens' heritage.

overmedicatedundersexed's picture

take a deep breath, it is only a problem if you own US debt..default is an easy way out..the path of least resistance if you will..congress will see the light default is painless for most of us. the country has cash flow to pay current SS and such..in fact the balance sheet will look stronger with debt off. Suicide is painless.

Re-Discovery's picture

Where is that Indian Gold short guy? 

I think Gold surges to 1650 if nothing done by end of day tomorow (which it wont be.)  Then drops to 1585 on news of a deal (not 1550 as was the target before the weekend.)  It stays there for about a second, then moves back above 1600.

next thing after this farce is the QE watch, which comes in mid-Aug to mid-Sept, after which Gold/Silver surge to 1800 and 50 respectively. 

Specific enough?  Get used to these price levels unless the eventual economic crash moves more rapidly than I think.

SheepDog-One's picture

Any 'deal' now removes $200 billion of the top to repay the amount Treasury has been helping itself to from govt pension funds. What a damn joke. And the ONLY 'cuts' they can seem to find is from Social Security and Medicare. And whatever they end up doing, I dont expect price levels varying much from here until total implosing, now the game is only about maintaining appearance of stability.

RockyRacoon's picture

However, if there is nothing by Thursday, then even the meanreversionbots will be powerless to just sit back and observe the massive carnage.

I thought that was supposed to happen this morning?   Send me an email when it actually happens....

Spigot's picture

Gag me, Pls! Debt ceiling, Schmebt ceiling. What a waste of space. This Fall will be the real deal, not now. Its gonna hurt BIG...

karmete's picture

Well done! Thank you very much for professional templates and community edition sesli siteler sesli sohbet

chinawholesaler's picture

Giveaway Material
Promotional Products

Wholesale Clothes Rack
Wholesale Pen
Lunch Box

Health Care Products
Christmas Gifts
Wholesale Swimming Products

Beauty Equipment
Wholesale Glass
Wholesale Mobile Phone

Wholesale Waterproof Case
Wholesale Bedding
Silicone Bakeware

Personal Safety Products
Wholesale Compass
Consumer Electronics

Wholesale Scissors
Advertising Material
Stuffed Animals

Wholesale Vase
Wholesale Apron
Valentine Gifts

Promotional Gifts
Wholesale Bedding
Crystal Gifts

Wholesale Candle
Outdoor Leisure Products
Coin Bank

Recorder Pen
Wholesale Towel
Wholesale Gift Bags

Wholesale Stress Ball
Wholesale Bangle
Gift Box

Consumer Electronics
Eye Mask
Wholesale Compass

Valentine Gifts
Health Care Products
Wholesale Stapler

Wholesale Whistle
Promotional Products
Personal Safety Products

Wholesale Camera