QE3 starts tomorrow? Now just what happned?OK Fed explain.Just blew through the Debt Limit?
Did the FED just run out of QE 2? With the bill that congress just passed are we now over the debt ceiling? Something funky going on with the debt clock. Tell me what it means fools. Then you have Soros planing Brent Wood 3.
Will they sneak in Climate Change in?
Then we have the Citi warning.http://www.zerohedge.com/article/citi-issues-usd-warning-significant-downside-risk-usd-and-jpy-if-market-begins-price-unsusta
The USA dodged the 2011 budget bullet last weekend and is now facing the debt ceiling cannonball. Although the debt ceiling is not normally considered a tool by which fiscal consolidation is achieved, it seems likely that there will be a fair amount of brinkmanship before the debt ceiling is raised. Investors and most economists expect political posturing as the debt ceiling debate drags on through late May and June, but no event that affects perceptions of US credit quality. So far US yields are showing no pressure and US CDS is trading well within the range of the last 15 months.
However I believe that we are over the Debt Ceiling as I write. Please tell me I misread this also and I am wrong Please?
Did someone forget to tell us we are broke? Nope ever Rangel say's we don't have the money. Ok and what 5 war's we are in that the Judge talks about?
Personally I think that anyone making over 250k in SS should have all payments frozen. No cost of living increases. Also get rid of 75% of the drug payments. Between Bush and Obama they just gave the house away on that one. That is just my start. Anyone making 500 million a year on ss gets a 20% decrease May 1. But hey I don't have the facts on who makes what on Social Security.
Oh well let me know fools. It is getting real hinkey out there. BE safe David in Qatar.