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Aug 2, US-living on borrow time from debt disaster
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teeth53
Supreme |
26-Jul-2011 00:21
Yells: "don't learn through life, learn to grow with life " |
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Succes will come, not till both got no more money to spend....hummm. http://www.bloomberg.com/news/2011-07-25/republicans-push-dueling-plans-with-democrats-for-raising-u-s-debt-limit.html Republicans one plan, Democratsanother plan. Both Trade Accusations Over Debt Talks.The Obama administration and House Speaker John Boehner’s office exchanged charges of intransigence in talks aimed at averting a U.S. default Aug. 2 and tackling the nation’s $14.3 trillion debt. Boehner’s office said he will unveil a plan today to prevent a default, cut spending and deny President Barack Obama a “blank check” to borrow more money without further reductions. Boehner told fellow Republicans he was determined to force action on a two-step debt-limit extension that would provide a $1 trillion, shorter-term increase than Obama seeks, defying a veto threat and the administration’s warnings of dire economic consequences. |
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MasterNg9999
Senior |
25-Jul-2011 20:54
Yells: "Isnt Human center of the universe???" |
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Hahaha ...... make a astonishing discovery today...... never thought of it before and this goes to show how old assumption die hard........ Fed Reserve create money not print money ..... i was so daft and assumptive that Fed have to go through the old process of getting real physical cash into the market...... BERNANKE It's not tax money. the banks have-- accounts with the Fed, much the same way that you have an account in a commercial bank. So, to lend to a bank, we simply use the computer to mark up the size of the account that they have with the Fed. stupid me .... Cheer |
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MasterNg9999
Senior |
25-Jul-2011 15:55
Yells: "Isnt Human center of the universe???" |
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LOLX...... aiyoh Hulumasy y so serious ..... i am caring my own business i said before its all entertainments and fun on TV and Internet for me see nickyng also so optimistic ........ y you no confidences in your S-Chip meh??? i like what i am seeing now in the states ..... so much soap opera and drama that i no need waste money on Hollywood movies.... hahhaa US is dying .... its a fact .... no one can denied that..... the employment is US have decrease with some notable exception like Colorado .... why? because its famous for preppers - people who prepare for disasters.... At least you still have you S-Chip portfolio chionging with you....... or do you? Cheer |
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pharoah88
Supreme |
25-Jul-2011 15:33
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during 1997 ASIAN FINANCIAL CRISIS people all over ASIA enjoyed lOw lOw lOw lOw prices |
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Hulumas
Supreme |
25-Jul-2011 14:26
Yells: "INVEST but not TRADE please!" |
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Just care our own business. Why should we think too far?
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nickyng
Supreme |
25-Jul-2011 11:24
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relax lah!! EU is not even allowing Greek or Italy to default...do u think USA will DEFAULT ?!?! relax lah! juz buy on any major DIP!! wont be wrong too far off wan! :P | ||||
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MasterNg9999
Senior |
25-Jul-2011 09:00
Yells: "Isnt Human center of the universe???" |
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MORE DRAMA ????? No deal yet on debt crisis. How will Asian markets and Wall Street react?http://www.csmonitor.com/USA/Politics/2011/0724/No-deal-yet-on-debt-crisis.-How-will-Asian-markets-and-Wall-Street-react CHIONG AH!!!!!!!!!!!!!!! Cheer |
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timqoo
Senior |
24-Jul-2011 22:22
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looks like obama also into stocks. wonder whether he into long or short now. by the way this piece of news is in 2009. Obama Says Buy Stocks Now: Good Deals There for Long-Term InvestorsWASHINGTON - A bullish President Obama says the ever-sinking Dow hasn't gotten him down - in fact, this might be a smart time to buy into the stock market. 
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andreytan
Veteran |
24-Jul-2011 20:53
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Ask not deal or no deal, Ask what you can do about it, either way. No deal, let mkt collapse for a few days than buy slowly, got deal buy high sell higher. |
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yummygd
Supreme |
24-Jul-2011 20:52
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Damn these idiot fools. | ||||
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MasterNg9999
Senior |
24-Jul-2011 20:28
Yells: "Isnt Human center of the universe???" |
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hahaha more drama!!!!! more entertainment!!!! more soap opera!!!!! The White House had thought it was on the cusp of an agreement when Boehner walked from the negotiations, accusing the president of demanding more revenue at the last minute. Obama disputed this account, saying his request for the speaker to give up more wasn’t a take-it or leave-it demand, but part of the negotiating process. NOOOO!!!!!! NO BABAMA !!!!!!!!!!!! I DONT WANT HIM NOT ON THE SHOW Congress ditches Obama on debt talksFirst came the Biden talks. When those blew up, the Obama-Boehner talks took center stage. And when that failed, the McConnell-Reid talks looked promising. And after they faltered, the Obama-Boehner talks tried to find a new life. Now it’s all come down to the Boehner-Reid-Pelosi-McConnell talks to solve the debt crisis. Notably absent? The president. In an extraordinary Saturday evening session in the Capitol, House Speaker John Boehner (R-Ohio), Senate Majority Leader Harry Reid (D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.) and House Minority Leader Nancy Pelosi (D-Calif.) sat around negotiating, on their own turf, without White House aides present. The four smiled for the TV cameras during a photo-op at the top of their 50-minute meeting, but no one would say a word about whether they had made any progress. “Bye,” Boehner told a reporter who asked about whether he could reassure the country a deal could be reached. But after the cameras left Boehner’s office, talks grew tense as the four argued over the contours of a package that could define the next 16 months of the congressional and campaign season - and have widespread economic implications. Reid was “very angry” in the meeting with Boehner and McConnell, according to a Democratic official. Following the meeting, Pelosi escorted Reid back to her office because she didn’t want the furious majority leader to say anything to the press. Reid is “adamant” about no short-term extension of the debt ceiling, the official said. For Republicans, taking the talks out of the White House has at least something to do with optics — very few Republicans want to vote for a deal with Obama’s name attached to it. House conservatives have grown deeply distrustful of Obama’s motivations and were skeptical of the “grand bargain” Boehner was negotiating with the president. He didn’t share the details of his negotiations with the House Republican Conference and many of them were privately concerned about any agreement between Obama and the speaker, particularly on the thorny issue of tax increases. During tense negotiations Saturday night, Reid and Pelosi signaled a willingness to consider a GOP idea to enact a two-step process, calling for trillions of dollars worth of spending cuts and extending the debt ceiling by $2.4 trillion through 2012. The idea was similar to one Obama rejected in his talks with Boehner about a week back - but White House officials weren’t in the room Saturday evening. But the leaders bitterly disagreed about the details. |
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teeth53
Supreme |
24-Jul-2011 10:43
Yells: "don't learn through life, learn to grow with life " |
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America's in Debt Crisis. Debt ceiling delay: " It would be a Gun shot self-inflicted wound" Now -- Debt ceiling countdown. NEW YORK (CNNMoney) -- It's very hard to see how this ends well. On Friday, for the third time in a month, Republicans abandoned negotiations with the White House over how to reduce the country's medium and long-term debt in time to raise the nation's debt ceiling. On Saturday, Boehner told House Republicans in a conference call that he wanted to announce a solution to the impasse by Sunday afternoon before markets open in Asia, a GOP aide familiar with the call told CNN. It remains to be seen how investors, who have so far mostly watched but not acted on the debt ceiling debate, respond to the latest breakdown. teeth53 thot: The price to pay for is d one who will run for top job of running the most powerful economy of a debt riddle country. Isit democrat, Mr Obama or the hopeful congress..?. Democrat lov democracy. Congress lov democracy. That how democracy work. |
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timqoo
Senior |
23-Jul-2011 21:34
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Obama hinting about Monday's market? he is pressing only for a minimum solution? " President Barack Obama summoned Republican and Democratic congressional leaders for a new round of talks today on averting a U.S. default after House Speaker John Boehner broke off negotiations on a broader deal to cut the federal deficit. With the Aug. 2 deadline to raise the debt ceiling approaching, Obama said at the White House last night that “at minimum” Congress must act to avoid a U.S. default that would roil financial markets and damage the economy. He said he was consulting with Treasury Department officials about a default’s potential consequences. “It’s very important that the leadership understands that Wall Street will be opening on Monday, and we’d better have some answers during the course of the next several days,” Obama said." |
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teeth53
Supreme |
23-Jul-2011 20:59
Yells: "don't learn through life, learn to grow with life " |
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Debt ceiling delay: " It would be a Gun shot self-inflicted wound," (they r holding theirs - who die 1st??)
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steadylar
Veteran |
23-Jul-2011 18:24
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shooo kids, go play in the playgorund, not in the white house ...yet i still think they will manage to raise the debt ceiling, in time, somehow, like many times b4, simply bcos US wont let itself be down rated ...meantime hold our breath until a breakthru comes |
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steadylar
Veteran |
23-Jul-2011 18:15
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Bloody hell! The american politicians hv brains on their arsr-ses! So bloody childish! toying with debts which they hv to pay, playing with fire! When will they ever learn to be smart? Even china cannot save these bloody e-diots. | ||||
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teeth53
Supreme |
23-Jul-2011 14:56
Yells: "don't learn through life, learn to grow with life " |
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 President Obama and Treasury chief Tim Geithner will have to make hard calls about who gets paid if debt ceiling isn't raised.
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andreytan
Veteran |
23-Jul-2011 13:47
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Are you a fengshui cap, Master??? Yes, i still am bullish, i hope mkt react and come down for me to get in. |
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MasterNg9999
Senior |
23-Jul-2011 13:05
Yells: "Isnt Human center of the universe???" |
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?? andreytan i have thought that you are optimistic about the market...... WHO ARE YOU!!!! GIVE US AH TAN BACK!!!! lolx.... now we know why Fed Reserve is so against Audit Fed Audit Reveals Eye-Popping $16 Trillion In Secret Loans To Bailout Bankersthis is the actual report..... http://www.scribd.com/doc/60553686/GAO-Fed-Investigation at least not so bad .... 16 trillion only cause our Singapore dollar to lose 20 cents..... Cheer |
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andreytan
Veteran |
23-Jul-2011 13:03
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This report came out after mkt closed. Dont know how the mkt will react to this news come MOnday. http://money.cnn.com/2011/07/22/news/economy/boehner_ends_debt_talks/index.htm |
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