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US Economic Collapse

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    #11
    Sadly, the way partisan politics are working at present, they'll probably achieve the very minimum at the very last minute, which is essentially a clean extension of the debt ceiling (towards the end of this week) for a few weeks or months and nothing else (Gov't shutdown etc. continuing). Boehner doesn't have the votes in the House for any type of Republican-led plan and he probably won't let a bipartisan plan from the Senate come to vote. The Republicans are still talking about riders on the Affordable Care Act for fecks sake

    On market impact, how to you hedge the Apocalypse? The only thing moving in the market right now is the short-term T bills, where rates are essentially reversed (cheaper to borrow for longer periods). Stocks are holding up, and they probably will until there's no hope. In the worst case scenario, the Dollar might even rally (where the hell else do you put the money?)

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