Reply to: Will America Default?

[Jog On]

Warren Buffett predicts 11th hour debt deal

"We will go right up to the point of extreme idiocy, but we won't cross it,"

I don't think anyone's in a hurry to spark Credit_crunch_2.0_this_time_with_bells_on_edition

Then again WTF do I (or anyone else) know?

[DimPrawn]

Let's face it, all the USA needs is a trillion dollars, maybe two.

Small change really. No really.

The Treasury Has Already Minted Two Trillion Dollar Coins - Forbes

[darmstadt]

I just love america:

[suityou01]

IMF says sort it out!!!!

Linky

But a worse problem looms. The US is up to its borrowing limit and will run out of money without agreement to lift it.

Ms Lagarde's comments were echoed by the US Treasury, which says a debt default could lead to a financial crisis as bad as 2008 or worse.

That's quite some statement if you think about it.

[Mich the Tester]

I wonder whether the signs were ready made for the eventuality of this happening, or is the publicity department still being funded?

[VectraMan]

Seriously doubt it. If they go to the lengths they have to stop Greece defaulting I don't think they'll let America do it.

Germany bails out the US?

This is based on the presumption that a default is really really bad. But if the world's largest economy defaults on its debts, and the world doesn't end, what then?

[DimPrawn]

I suspect it will be a bit like this if MoneyWeek are to be believed

[bobspud]

How do you mean?

There are many ways the rich can benefit from markets that are volatile or just going for the floor.

1) Good time to pick up stocks cheap and wait.
2) If your company is engaged in automated high volume trades or Arbitrage then the more the market moves the more chances there are to make the market and take free cash.

3) Prices in the wider market tank and its great times to be buying stuff that the unfortunate need to shift.

But as the others have said this is all bollox so won't come to anything...

[Jog On]

Seriously doubt it. If they go to the lengths they have to stop Greece defaulting I don't think they'll let America do it.

I expect lots of kicking the can and "will they won't they" rumours and tweets to make for some great trading opportunities

[suityou01]

If the markets do crash this will a buying opportunity par excellence.....

Anyone who invested after Lehman made a killing, it was impossible not to....this would be the same but with big knobs on...

Yeah, it's almost like it was planned

[BlasterBates]

If the markets do crash this will a buying opportunity par excellence.....

Anyone who invested after Lehman made a killing, it was impossible not to....this would be the same but with big knobs on...

[DimPrawn]

You're an ideas man and not a detail man though

sasguru will tell me the details after the event and how he bought a prime central London property with the proceeds.

[suityou01]

Something will go up and something will go down. Don't know what or when, but if I did I would buy the thing going up and sell the thing going down.

Just need to work on the details....

You're an ideas man and not a detail man though

[DimPrawn]

How do you mean?

Something will go up and something will go down. Don't know what or when, but if I did I would buy the thing going up and sell the thing going down.

Just need to work on the details....

[suityou01]

Wow Deomcrat blames the other side for the problems, what ever next, our mate Dave blaming everything on guys before him

Good, so you actually agree with me then.