Going over the Cliff

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Going over the Cliff

ordnance11 Offline

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#150

10-09-2013, 11:25 PM

But is he an economist? So far, I haven't heard of any economist telling us that a default won't have serious consequences. Besides, the treasury department stated that they hit the debt limit last May. October 17 is when extraordinary measures are no longer going to be enough.
After October 17, all bets are off
If the U.S. gets lucky, we get treated like Argentina. Which means we are no longer the world's reserve currency. Worse case scenario is a 2009 financial meltdown scenario. You can see it already in the volatility of the Dow. It has been trending downward since last week. The closer it gets to the October 17 limit, the odds are the trend will intensify.
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Messages In This Thread

Going over the Cliff - by ordnance11 - 01-01-2013, 02:43 AM

[No subject] - by Dartz - 01-01-2013, 04:08 AM

[No subject] - by ordnance11 - 01-01-2013, 05:06 AM

[No subject] - by khagler - 01-01-2013, 05:20 AM

Well looks like I go back to work - by ordnance11 - 01-01-2013, 09:11 AM

[No subject] - by ordnance11 - 09-21-2013, 02:59 PM

[No subject] - by Black Aeronaut - 09-21-2013, 10:08 PM

[No subject] - by Morganite - 09-21-2013, 10:41 PM

[No subject] - by Rajvik - 09-22-2013, 02:46 AM

[No subject] - by Dartz - 09-22-2013, 05:57 AM

[No subject] - by werehawk - 09-22-2013, 06:24 AM

[No subject] - by Morganite - 09-22-2013, 07:00 AM

[No subject] - by ECSNorway - 09-22-2013, 07:53 AM

[No subject] - by Dartz - 09-22-2013, 10:33 AM

[No subject] - by ordnance11 - 09-22-2013, 02:59 PM

[No subject] - by ordnance11 - 09-22-2013, 03:18 PM

[No subject] - by ordnance11 - 09-22-2013, 03:29 PM

[No subject] - by Bob Schroeck - 09-22-2013, 03:59 PM

[No subject] - by robkelk - 09-22-2013, 04:19 PM

[No subject] - by Black Aeronaut - 09-24-2013, 02:52 AM

[No subject] - by robkelk - 09-24-2013, 02:41 PM

[No subject] - by Bob Schroeck - 09-24-2013, 03:24 PM

[No subject] - by Logan Darklighter - 09-24-2013, 04:44 PM

[No subject] - by Foxboy - 09-24-2013, 06:30 PM

[No subject] - by ECSNorway - 09-24-2013, 07:11 PM

[No subject] - by khagler - 09-24-2013, 08:13 PM

[No subject] - by robkelk - 09-25-2013, 12:21 AM

[No subject] - by Rajvik - 09-25-2013, 01:41 AM

[No subject] - by Black Aeronaut - 09-25-2013, 02:57 AM

The Kabuki theater has begun - by ordnance11 - 09-25-2013, 05:17 AM

[No subject] - by ECSNorway - 09-25-2013, 04:29 PM

[No subject] - by Rajvik - 09-26-2013, 02:37 AM

[No subject] - by Black Aeronaut - 09-26-2013, 02:53 AM

[No subject] - by ordnance11 - 09-26-2013, 09:14 AM

[No subject] - by robkelk - 09-26-2013, 02:33 PM

[No subject] - by khagler - 09-26-2013, 04:50 PM

[No subject] - by ECSNorway - 09-26-2013, 05:17 PM

[No subject] - by Logan Darklighter - 09-26-2013, 06:21 PM

[No subject] - by Foxboy - 09-26-2013, 07:11 PM

[No subject] - by RMH999 - 09-26-2013, 07:17 PM

[No subject] - by Rajvik - 09-27-2013, 01:23 AM

It's not just Obamacare... - by Bob Schroeck - 09-27-2013, 04:00 PM

[No subject] - by Foxboy - 09-27-2013, 05:21 PM

[No subject] - by Bob Schroeck - 09-27-2013, 07:15 PM

[No subject] - by Rajvik - 09-28-2013, 09:25 PM

[No subject] - by robkelk - 09-29-2013, 02:04 AM

[No subject] - by ordnance11 - 09-29-2013, 04:28 AM

[No subject] - by Foxboy - 09-29-2013, 07:25 AM

[No subject] - by Rod.H - 09-29-2013, 08:12 AM

[No subject] - by robkelk - 09-29-2013, 03:01 PM

[No subject] - by ordnance11 - 09-29-2013, 04:00 PM

[No subject] - by ordnance11 - 09-29-2013, 04:55 PM

[No subject] - by robkelk - 09-29-2013, 07:23 PM

[No subject] - by robkelk - 09-29-2013, 11:15 PM

[No subject] - by ordnance11 - 09-30-2013, 03:37 AM

[No subject] - by robkelk - 09-30-2013, 04:23 AM

[No subject] - by CattyNebulart - 09-30-2013, 04:35 AM

[No subject] - by ordnance11 - 09-30-2013, 04:48 AM

[No subject] - by Rajvik - 10-01-2013, 12:37 AM

[No subject] - by ordnance11 - 10-01-2013, 02:03 AM

[No subject] - by Black Aeronaut - 10-01-2013, 02:56 AM

[No subject] - by ordnance11 - 10-01-2013, 04:45 AM

[No subject] - by robkelk - 10-01-2013, 02:08 PM

[No subject] - by RMH999 - 10-01-2013, 02:25 PM

[No subject] - by ordnance11 - 10-01-2013, 02:37 PM

[No subject] - by Dragonflight - 10-01-2013, 05:35 PM

[No subject] - by Logan Darklighter - 10-01-2013, 07:43 PM

[No subject] - by Dartz - 10-01-2013, 09:29 PM

[No subject] - by Rajvik - 10-01-2013, 11:47 PM

[No subject] - by robkelk - 10-02-2013, 12:24 AM

[No subject] - by Dartz - 10-02-2013, 12:57 AM

[No subject] - by Rajvik - 10-02-2013, 01:14 AM

[No subject] - by robkelk - 10-02-2013, 01:27 AM

[No subject] - by Dartz - 10-02-2013, 01:46 AM

[No subject] - by robkelk - 10-02-2013, 02:08 AM

[No subject] - by Rajvik - 10-02-2013, 02:50 AM

[No subject] - by Dartz - 10-02-2013, 03:04 AM

[No subject] - by Black Aeronaut - 10-02-2013, 03:19 AM

[No subject] - by ordnance11 - 10-02-2013, 05:32 AM

[No subject] - by chibipoe - 10-02-2013, 09:53 AM

[No subject] - by Dartz - 10-02-2013, 01:03 PM

[No subject] - by robkelk - 10-02-2013, 03:36 PM

[No subject] - by ordnance11 - 10-02-2013, 05:00 PM

[No subject] - by khagler - 10-02-2013, 05:34 PM

[No subject] - by Foxboy - 10-02-2013, 06:04 PM

[No subject] - by ordnance11 - 10-02-2013, 06:36 PM

[No subject] - by ordnance11 - 10-02-2013, 09:06 PM

[No subject] - by Rajvik - 10-02-2013, 10:59 PM

[No subject] - by ordnance11 - 10-03-2013, 12:12 AM

[No subject] - by robkelk - 10-03-2013, 02:11 AM

[No subject] - by Dartz - 10-03-2013, 03:44 AM

[No subject] - by ordnance11 - 10-03-2013, 04:35 AM

[No subject] - by ordnance11 - 10-03-2013, 04:51 AM

[No subject] - by ECSNorway - 10-03-2013, 05:28 PM

[No subject] - by ordnance11 - 10-03-2013, 08:54 PM

[No subject] - by ECSNorway - 10-03-2013, 09:42 PM

[No subject] - by Jorlem - 10-03-2013, 09:54 PM

[No subject] - by CattyNebulart - 10-03-2013, 10:46 PM

[No subject] - by Rajvik - 10-04-2013, 01:30 AM

[No subject] - by ECSNorway - 10-04-2013, 01:38 AM

[No subject] - by robkelk - 10-04-2013, 02:17 AM

[No subject] - by ordnance11 - 10-04-2013, 02:23 AM

[No subject] - by Black Aeronaut - 10-04-2013, 02:44 AM

[No subject] - by Foxboy - 10-04-2013, 02:52 AM

[No subject] - by robkelk - 10-04-2013, 02:54 AM

[No subject] - by ordnance11 - 10-04-2013, 02:56 AM

[No subject] - by Black Aeronaut - 10-04-2013, 03:02 AM

[No subject] - by ordnance11 - 10-04-2013, 03:18 AM

[No subject] - by Dartz - 10-04-2013, 03:29 AM

[No subject] - by ordnance11 - 10-04-2013, 03:31 AM

[No subject] - by Rajvik - 10-04-2013, 03:40 AM

[No subject] - by Dartz - 10-04-2013, 03:49 AM

[No subject] - by ordnance11 - 10-04-2013, 06:03 AM

[No subject] - by robkelk - 10-04-2013, 01:55 PM

[No subject] - by Dartz - 10-04-2013, 02:22 PM

[No subject] - by ordnance11 - 10-04-2013, 03:16 PM

[No subject] - by CattyNebulart - 10-04-2013, 04:27 PM

[No subject] - by robkelk - 10-05-2013, 03:29 PM

[No subject] - by robkelk - 10-05-2013, 03:31 PM

[No subject] - by ordnance11 - 10-05-2013, 09:26 PM

[No subject] - by ordnance11 - 10-05-2013, 10:21 PM

[No subject] - by Rajvik - 10-07-2013, 06:23 PM

[No subject] - by ECSNorway - 10-07-2013, 06:56 PM

[No subject] - by Bob Schroeck - 10-07-2013, 07:08 PM

[No subject] - by Rajvik - 10-08-2013, 12:05 AM

[No subject] - by ordnance11 - 10-08-2013, 02:24 AM

[No subject] - by Black Aeronaut - 10-08-2013, 03:20 AM

[No subject] - by khagler - 10-09-2013, 04:11 AM

[No subject] - by Logan Darklighter - 10-09-2013, 06:00 AM

[No subject] - by Dartz - 10-09-2013, 11:43 AM

[No subject] - by Rod.H - 10-09-2013, 12:23 PM

[No subject] - by robkelk - 10-09-2013, 02:58 PM

[No subject] - by Rajvik - 10-09-2013, 03:04 PM

[No subject] - by khagler - 10-09-2013, 04:18 PM

[No subject] - by ECSNorway - 10-09-2013, 05:04 PM

[No subject] - by robkelk - 10-09-2013, 05:30 PM

[No subject] - by ECSNorway - 10-09-2013, 05:48 PM

[No subject] - by Logan Darklighter - 10-09-2013, 06:12 PM

[No subject] - by Bob Schroeck - 10-09-2013, 06:45 PM

[No subject] - by ordnance11 - 10-09-2013, 08:09 PM

[No subject] - by robkelk - 10-09-2013, 08:26 PM

[No subject] - by robkelk - 10-09-2013, 08:31 PM

[No subject] - by Dartz - 10-09-2013, 08:32 PM

[No subject] - by Logan Darklighter - 10-09-2013, 09:33 PM

[No subject] - by ECSNorway - 10-09-2013, 09:37 PM

[No subject] - by robkelk - 10-09-2013, 09:45 PM

[No subject] - by ordnance11 - 10-09-2013, 09:53 PM

[No subject] - by Dartz - 10-09-2013, 09:57 PM

[No subject] - by Logan Darklighter - 10-09-2013, 10:08 PM

[No subject] - by ordnance11 - 10-09-2013, 11:25 PM

[No subject] - by Bob Schroeck - 10-09-2013, 11:25 PM

[No subject] - by Black Aeronaut - 10-10-2013, 06:06 AM

Why Republicans are responsible for shutdown - by kentmagus - 10-10-2013, 07:12 AM

[No subject] - by Bob Schroeck - 10-10-2013, 02:28 PM

[No subject] - by Bob Schroeck - 10-10-2013, 02:34 PM

[No subject] - by ECSNorway - 10-10-2013, 04:16 PM

[No subject] - by khagler - 10-10-2013, 04:48 PM

[No subject] - by robkelk - 10-10-2013, 05:06 PM

[No subject] - by Dartz - 10-10-2013, 09:57 PM

[No subject] - by Foxboy - 10-11-2013, 02:42 AM

[No subject] - by RMH999 - 10-11-2013, 04:52 AM

[No subject] - by ECSNorway - 10-11-2013, 06:12 PM

[No subject] - by Bob Schroeck - 10-11-2013, 06:44 PM

[No subject] - by nemonowan - 10-12-2013, 01:33 AM

[No subject] - by ECSNorway - 10-12-2013, 04:08 AM

[No subject] - by ordnance11 - 10-12-2013, 04:47 AM

[No subject] - by Rajvik - 10-16-2013, 11:02 PM

[No subject] - by Dartz - 10-17-2013, 12:04 AM

[No subject] - by ordnance11 - 10-17-2013, 01:09 AM

[No subject] - by Black Aeronaut - 10-17-2013, 03:43 AM

[No subject] - by ordnance11 - 10-17-2013, 04:20 AM

[No subject] - by Dartz - 10-18-2013, 12:16 PM

[No subject] - by Black Aeronaut - 10-19-2013, 08:27 AM

[No subject] - by Morganite - 10-23-2013, 05:38 AM

[No subject] - by Foxboy - 10-23-2013, 08:40 AM

[No subject] - by Morganite - 10-23-2013, 09:11 AM

[No subject] - by robkelk - 10-23-2013, 02:57 PM

[No subject] - by Morganite - 10-23-2013, 06:44 PM

Thank God I got a bridge loan! - by ordnance11 - 10-24-2013, 04:08 AM

[No subject] - by Foxboy - 10-24-2013, 08:02 AM

[No subject] - by Rajvik - 10-25-2013, 12:56 AM

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