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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

Previous topic - Next topic

0 Members and 5 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

October 17 is the deadline for congress to resolve the federal budget crisis.After that the interest on savings bonds doesn't get paid.Happy Halloween!


http://finance.yahoo.com/news/caution-reins-asia-u-shutdown-232744790.html

triffid

Here at this link,it says the smart money doesn't think there will be a default by the USA.
http://finance.yahoo.com/news/smart-money-playing-crisis-165049840.html  Gold lost about 20 dollars an oz today too!

triffid

"The market has to respond to supply and demand flows, and that's putting pressure on short maturity bills," explained John Brynjolfsson, chief investment officer of $1 billion hedge fund firm Armored Wolf. "With Treasury interest amounting to just 10 percent of monthly tax receipts, there is plenty of coverage for Bills, Social Security, and Medicaid; and a phone call to the Fed is all the computer programming required to process those payments. The politics, however, is more complicated."[/size]


triffid