USA winning race to default

[OwlHoot]

Reading some of the Torygraph blogs, among other things, my impression more so than I've felt before is that the EU and US are both heading for an imminent crisis far worse than anything we've seen yet

Of course it may all blow over for a while.

[EternalOptimist]

Reading some of the Torygraph blogs, among other things, my impression more so than I've felt before is that the EU and US are both heading for an imminent crisis far worse than anything we've seen yet

Of course it may all blow over for a while.

what does nostradamus say ?

[scooterscot]

Looks like August 2nd could be interesting if the yanks continue to disagree on raising their debt ceiling:

BBC News - Republican House Speaker John Boehner quits debt talks


Wonder what would happen if the yanks default and the UK is 350 billion out of pocket.

Who cares, as long as none of the euro countries are holding US debt.

[lilelvis2000]

Suppose I'd better sell all my equities while they are up. The markets could go into freefall because some dicks wanna score some political points.

[Freamon]

Who cares, as long as none of the euro countries are holding US debt.

Is this intended as sarcasm?

I'm sure that if the US defaults, anyone who isn't directly holding US govt debt will remain completely unaffected.*

* NB: Sarcasm.

[TimberWolf]

BBC News - Vince Cable in attack on US right-wing nutters

Pot. Kettle. Black.

[scooterscot]

Is this intended as sarcasm?

I'm sure that if the US defaults, anyone who isn't directly holding US govt debt will remain completely unaffected.*

* NB: Sarcasm.

Appart from,

war
low quality manufactured goods
incorrect use of the English language
unavoidable reduced purchasing capability

What does the US give the world?

[gingerjedi]

Is there a layman's guide on how to profit from US misery?

[OwlHoot]

Is there a layman's guide on how to profit from US misery?

I'd settle for a layman's guide on how to profit from scooterscot's posts.

Presumably "unavoidable reduced purchasing capability" means "skint".

[fullyautomatix]

Is there a layman's guide on how to profit from US misery?

There could be, like shorting USD or US treasuries or maybe even short Dow Jones but I suspect it is a bit too late. Genuine misery profiteers have already dipped their hands in.

Having said that, the risk of US defaulting is very very low. You might want to bet the other way.