Global Debt Time Bomb explodes soon

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Re: Global Debt Time Bomb explodes soon

Post by NoAm » Wed Sep 21, 2011 8:26 am

What might this do? Will the stock market flip out? Just Curious........................

Fed is expected to take new action to lift economy
http://apnews.myway.com/article/20110921/D9PSSQQ80.html
The Federal Reserve is running out of options to try to boost a slumping economy and lower unemployment. So policymakers are expected to reach 50 years back into their playbook for their next move.
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Re: Global Debt Time Bomb explodes soon

Post by phil_in_cs » Wed Sep 21, 2011 8:41 am

NoAmnesty wrote:What might this do? Will the stock market flip out? Just Curious........................
The only reason the market makes sudden moves is when it is surprised by an action. If the market expects the Fed to do something and it does it, there won't be much movement.
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Re: Global Debt Time Bomb explodes soon

Post by NoAm » Wed Sep 21, 2011 8:44 am

phil_in_cs wrote:
NoAmnesty wrote:What might this do? Will the stock market flip out? Just Curious........................
The only reason the market makes sudden moves is when it is surprised by an action. If the market expects the Fed to do something and it does it, there won't be much movement.
Good! We are meeting with Scottrade today to make some moves of our own. We were attempting this prior to the last roller coaster ride that began last month. (As always, a day late & a dollar short) :roll:
Last edited by NoAm on Wed Sep 21, 2011 8:46 am, edited 1 time in total.
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Re: Global Debt Time Bomb explodes soon

Post by TC » Wed Sep 21, 2011 8:46 am

phil_in_cs wrote:
NoAmnesty wrote:What might this do? Will the stock market flip out? Just Curious........................
The only reason the market makes sudden moves is when it is surprised by an action. If the market expects the Fed to do something and it does it, there won't be much movement.
This. Also:

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Re: Global Debt Time Bomb explodes soon

Post by CaptBrainFreeze » Wed Sep 21, 2011 8:52 am

Many expect the Fed to reshift it's portfolio around. Nothing that anyone thinks will do a whole lot of good. Pretty much a ho hum reaction at the moment. Only so much the fed can really do. The issues at home have to be fixed or growth will be crap. Fed can't offer jobs, trade, anything like that.

Is our "super congress" even started working on the debt?? All was done was raise the ceiling and put it off a few months. I was wondering if they have started or plan on waiting until November to go again.
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Re: Global Debt Time Bomb explodes soon

Post by J.C. » Wed Sep 21, 2011 9:28 am

CaptBrainFreeze wrote:Many expect the Fed to reshift it's portfolio around. Nothing that anyone thinks will do a whole lot of good. Pretty much a ho hum reaction at the moment. Only so much the fed can really do. The issues at home have to be fixed or growth will be crap. Fed can't offer jobs, trade, anything like that.

Is our "super congress" even started working on the debt?? All was done was raise the ceiling and put it off a few months. I was wondering if they have started or plan on waiting until November to go again.

They've had some meetings where they exchanged sound bites and platitudes. There is really nothing they can accomplish.
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Re: Global Debt Time Bomb explodes soon

Post by ei8htx » Wed Sep 21, 2011 10:11 am

CaptBrainFreeze wrote:Many expect the Fed to reshift it's portfolio around. Nothing that anyone thinks will do a whole lot of good. Pretty much a ho hum reaction at the moment. Only so much the fed can really do. The issues at home have to be fixed or growth will be crap. Fed can't offer jobs, trade, anything like that.

Is our "super congress" even started working on the debt?? All was done was raise the ceiling and put it off a few months. I was wondering if they have started or plan on waiting until November to go again.
I think the plan is to shift their feet for the next 13 months.

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Re: Global Debt Time Bomb explodes soon

Post by SeerSavant » Wed Sep 21, 2011 11:10 am

ankles flexing... Toes curling..... eyes lining up the can....



and i saw no reason to use the color blue. :evil:
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Re: Global Debt Time Bomb explodes soon

Post by Kommander » Wed Sep 21, 2011 11:15 am

I agree that with campaign season heating up certain decesions are going to be put off to the end of the election.
Why must all the hoops be on fire?

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Re: Global Debt Time Bomb explodes soon

Post by raptor » Wed Sep 21, 2011 11:29 am

Some very interesting stories:
Lloyd’s, which holds about a third of its 2.5 billion pounds ($3.9 billion) of central assets in cash, has stopped depositing money with some banks in Europe’s peripheral economies, Savage said, declining to name the countries or institutions.
http://www.bloomberg.com/news/2011-09-2 ... rs-1-.html" onclick="window.open(this.href);return false;

A huge problem for businesses that are hold a lot of cash. Lloyds needs these cash reserves to cover potential policy losses so they have to be invested in liquid assets. Bank deposit insurance is nothing close to $3.9 billion so what is an institution to do? Typically they buy short term sovereign debt but whose debt do you buy these days? Lloyd's risk mangers/treasury unit are clearly working late to figure this out. In the man time they pull significant cash out of riskier banks. Bank runs these days are invisible. No need to stand in line at the tellers cage for cash.


“The European debt crisis and its impact on the solvency of European financial players are driving European customers to find refuge in tangible values like physical gold and other precious metals,” Pages said. Demand “is totally compatible with the current financial and political global turmoil.”
http://www.bloomberg.com/news/2011-09-2 ... ities.html" onclick="window.open(this.href);return false;

Some people/institutions are clearly buying gold. They are looking at building new vaults.
Galliard Capital Management Inc.’s stable-value funds, designed to preserve principal in tumultuous times, drew more than four times the usual inflows in August as market volatility increased, said managing partner John Caswell.
http://www.bloomberg.com/news/2011-09-2 ... -cash.html" onclick="window.open(this.href);return false;

Others are running to insured but not guaranteed funds like these.

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Re: Global Debt Time Bomb explodes soon

Post by ei8htx » Wed Sep 21, 2011 11:38 am

I like how every time there's even a slight turn towards politics, Raptor jumps in with a good long post loaded with links. :lol:
Lloyd’s, which holds about a third of its 2.5 billion pounds ($3.9 billion) of central assets in cash, has stopped depositing money with some banks in Europe’s peripheral economies, Savage said, declining to name the countries or institutions.
Maybe this is more obvious for some of you guys here, but who are the suspects in this instance?

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Re: Global Debt Time Bomb explodes soon

Post by CaptBrainFreeze » Wed Sep 21, 2011 11:39 am

ei8htx wrote:
CaptBrainFreeze wrote:Many expect the Fed to reshift it's portfolio around. Nothing that anyone thinks will do a whole lot of good. Pretty much a ho hum reaction at the moment. Only so much the fed can really do. The issues at home have to be fixed or growth will be crap. Fed can't offer jobs, trade, anything like that.

Is our "super congress" even started working on the debt?? All was done was raise the ceiling and put it off a few months. I was wondering if they have started or plan on waiting until November to go again.
I think the plan is to shift their feet for the next 13 months.

I didn't think they had 13 months. Doesn't a plan need to be agreed on to be presented for a vote by Thanksgiving? Then what, vote in December if I remember right or auto cuts happen to military and SS.
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Re: Global Debt Time Bomb explodes soon

Post by ei8htx » Wed Sep 21, 2011 11:46 am

CaptBrainFreeze wrote:
ei8htx wrote:I think the plan is to shift their feet for the next 13 months.
I didn't think they had 13 months. Doesn't a plan need to be agreed on to be presented for a vote by Thanksgiving? Then what, vote in December if I remember right or auto cuts happen to military and SS.
Sorry, I was perhaps being too subtle in implying that the bare minimum will get done until the next presidential election.

There is the auto cuts thing, which amounts to something like 1 trillion over 10 years when the debt is supposed to climb to 40 trillion (IIRC). I honestly think them blowing it off will make no difference over the next few months than if they do something.

Oh, I should add: last time the one thing they agreed on was charging interest on loans for graduate students in school working towards a graduate degree. So here's to hoping they get nothing done.
Last edited by ei8htx on Wed Sep 21, 2011 11:49 am, edited 1 time in total.

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Re: Global Debt Time Bomb explodes soon

Post by raptor » Wed Sep 21, 2011 11:49 am

ei8htx wrote:I like how every time there's even a slight turn towards politics, Raptor jumps in with a good long post loaded with links. :lol:
Yes what an interesting coincidence...these are not the droids you are looking for... :D

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Re: Global Debt Time Bomb explodes soon

Post by SeerSavant » Wed Sep 21, 2011 11:51 am

Perhaps an across the board cut, Oh, wait, they are only cutting projected spending increases... Okay, howzabout a cap... NO INCREASES until we get our house in order?
Since the economy is practically at a standstill, I don't see the downside.
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Re: Global Debt Time Bomb explodes soon

Post by phil_in_cs » Wed Sep 21, 2011 12:26 pm

SeerSavant wrote:Perhaps an across the board cut, Oh, wait, they are only cutting projected spending increases... Okay, howzabout a cap... NO INCREASES until we get our house in order?
Since the economy is practically at a standstill, I don't see the downside.
No choice is a choice. Meaning, if you don't change anything you choose the status quo.

Discussing what might happen and how to prepare for it is a legitimate topic here. Advocating a position, or blaming a position for a situation are not. We are preppers and discuss that - not politics.
Don't confuse a belligerent and aggressive attitude with the strength, training, and conditioning needed to prevail in a fight. How do you know you have the Will To Win, if you don't even have the will to train?

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Re: Global Debt Time Bomb explodes soon

Post by CiggsWar » Wed Sep 21, 2011 5:00 pm

I think's the pres is doing a Moch of emergency level 1 on the 27th this month with his BOB in hand running to the BOV and heading to the BOS. Monkey see amd Monkey should do also!
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Re: Global Debt Time Bomb explodes soon

Post by CaptBrainFreeze » Wed Sep 21, 2011 6:56 pm

*Facepalm*
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Re: Global Debt Time Bomb explodes soon

Post by NoAm » Wed Sep 21, 2011 7:01 pm

TC wrote:
phil_in_cs wrote:
NoAmnesty wrote:What might this do? Will the stock market flip out? Just Curious........................
The only reason the market makes sudden moves is when it is surprised by an action. If the market expects the Fed to do something and it does it, there won't be much movement.
This. Also:

:lol: I saw this today and thought of you TC! Have you been consulting for Bloomberg or is your crystal ball working? How are you with lottery numbers? :lol:

Stocks Drop, Dollar Gains on Fed’s Plan to ‘Twist’
http://www.bloomberg.com/news/2011-09-2 ... tlook.html
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Re: Global Debt Time Bomb explodes soon

Post by SeerSavant » Wed Sep 21, 2011 10:54 pm

phil_in_cs wrote:
SeerSavant wrote:Perhaps an across the board cut, Oh, wait, they are only cutting projected spending increases... Okay, howzabout a cap... NO INCREASES until we get our house in order?
Since the economy is practically at a standstill, I don't see the downside.
No choice is a choice. Meaning, if you don't change anything you choose the status quo.

Discussing what might happen and how to prepare for it is a legitimate topic here. Advocating a position, or blaming a position for a situation are not. We are preppers and discuss that - not politics.
Sorry, got pissed... Not hard to do when you pay attention...

I understand the status quo, but those are decisions, and it's hard to quell the frustration when you can see where it's going... :oops:



Mea Culpa...
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Re: Global Debt Time Bomb explodes soon

Post by TC » Thu Sep 22, 2011 5:32 am

NoAmnesty wrote: :lol: I saw this today and thought of you TC! Have you been consulting for Bloomberg or is your crystal ball working? How are you with lottery numbers? :lol:

Stocks Drop, Dollar Gains on Fed’s Plan to ‘Twist’
http://www.bloomberg.com/news/2011-09-2 ... tlook.html
Haha, brilliant! Unfortunately my clairvoyance is rarely accurate and when it is it only applies to posting silly videos!

As for the current market situation, we're getting our arses kicked!
BBC wrote: Shares slide on Federal Reserve warning

Global shares have fallen sharply after the Federal Reserve gave a stark warning about the state of the US economy and announced limited measures designed to boost growth.

The Fed warned of "significant downside risks" as it announced a bond swap programme designed to keep long-term interest rates low.

Major European markets all dropped in morning trading, with the FTSE down 4%, and the Cac-40 down 4.32%.

On Wednesday, the Dow Jones fell 2.5%...(continued at link)
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Re: Global Debt Time Bomb explodes soon

Post by NoAm » Thu Sep 22, 2011 6:22 am

TC wrote:
NoAmnesty wrote: :lol: I saw this today and thought of you TC! Have you been consulting for Bloomberg or is your crystal ball working? How are you with lottery numbers? :lol:

Stocks Drop, Dollar Gains on Fed’s Plan to ‘Twist’
http://www.bloomberg.com/news/2011-09-2 ... tlook.html
Haha, brilliant! Unfortunately my clairvoyance is rarely accurate and when it is it only applies to posting silly videos!

As for the current market situation, we're getting our arses kicked!
Yeah, I have no idea what to make of all this! It seems like one hit after another! I know they have spoken about generation after generation having to pay for all this debt! It's really disgusting! It's not just the US, it seems to be happening all over the world!

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Re: Global Debt Time Bomb explodes soon

Post by CaptBrainFreeze » Thu Sep 22, 2011 6:48 am

Today has potential to be real ugly.
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Re: Global Debt Time Bomb explodes soon

Post by NoAm » Thu Sep 22, 2011 7:30 am

CaptBrainFreeze wrote:Today has potential to be real ugly.
Futures down 231?
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