July 23, 2011
– Comments (6)
Is it me or is the Republican and Democrat handling of this potential default crisis reminiscent of the brinksmanship tactics employed by the Soviet Union and the U.S. during the cold war?
I'm sorry, but isn't this less the Dems and Repubs and more our new Tea Party in action?
This is all on the Dem's and Repub's, the tea party was not elected. If they were, it would probably take longer to come to a resolution.
the tea party was not elected
At least, the end result is not a nuclear demise of the whole world.
But yes, a game of chicken it is.
I too noticed the similarity. I'm not playing - I sold 50% of all my holdings today to build a cash position. I think this is going to be a volatile week.
If its not, no big loss and I'll buy back in.
#4) On July 25, 2011 at 12:33 PM, leohaas (94.92) wrote:
leohaas, this is precisely why I'm concerned that the parties involved will fall into the abyss - they don't actually believe that failure is truly fatal, and therefore it can be considered an option. That is the problem with the game of chicken - if you think you have the chance of survival, then sometimes you just grit your teeth and wait for the collision.