DOW will be down 1,000 points on Friday or Monday.
DOW will be down 1,000 points on Friday or Monday.
Reason? Not saying you're wrong, I just haven't been keeping up.
Reason? Not saying you're wrong, I just haven't been keeping up.
Reason? Not saying you're wrong, I just haven't been keeping up.
Ignore him. All you have to do is look at his post history in the market threads to note that pretty much the only posts made are short doom'n'gloom posts that hardly ever are accurate.
We've run into nearly $17 trillion in debt - TRILLION - with no end in sight. The only shot of getting under control is about to capitulate to the welfare statists who are too chicken to fix it or are caught up in their own stupidity to know any better.
Our Great Leader Obama said "Raising the debt ceiling does not increase debt" (it just allows us to keep racking it up, but never mind that because lies are easier to stomach than austerity measures).
When America defaults, and it will default, just like Mexico, Russia and Argentina did, interest rates will top 100%, there will be looting and food riots and the existing currency will be cancelled and replaced with "new dollars".
How do I know? Thats EXACTLY what happened in the aforementioned countries. Extreme interests rates, riots, looting, and finally "new dollars" exchanged at $10 old to $1 new.
Enjoy your 'free' healthcare.
Cool story. But what does any of it have to do with why you picked today or Monday specifically for a market crash?
Cool reply. But if Im wrong by a few days, the inevitable will happen.....unless...our pig headed leaders can compromise.
Its just common sense. We need to cut spending but you know who does not want to cut a damn thing.
We need austerity.
Now.
17T is nothing compared to US economy. If the congress could pass a proper budget with higher spending and a little tax bump it would be smooth sailing. Unfortunately there's a group of dumbasses there who are trying to burn this country down.
Hey KNTX, you can compare our ridiculous debt load to anything that makes you feel better about its gigantic size but it does not matter.
I've got news for you - if any foreign holders of that debt demand cash - we can not pay it....or any sizable portion of it!!!
And you want to know the best part? They want to go even deeper into debt!
Bond holders cannot demand to be repaid. Educate yourself. Anyway there's a whole forum here where people seem to enjoy arguing with characters like you. Check it out.