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Americans Playing With Fire - Salvador Dali

Tan KW
Publish date: Mon, 30 Sep 2013, 09:28 PM
Tan KW
0 509,886
Good.

Despite all the so called good news for the last couple of weeks (such as "no tapering", Merkel winning to further add to stability for EU, Yellen winning and Summers out thus favouring a longer period of non tapering, sell down in BRIC seemingly halted for the time being) ....


...we have a new coals being thrown into the cauldron. .. The shutdown ... actually the Republicans are at fault here, they are trying to stop or delay Obama's Affordable Care Act and make some changes to health ways as well .... even though Congress has passed this and Supreme Court has upheld its legality (so Republicans are trying to overturn or nullify the Courts I guess, why???... because they did not rule my way, don't they know big pharma owns the Republicans' asses!!)

What is more important is the debt ceiling which may be triggered come October 17 ... I think its a brilliant idea... why don't we in Malaysia pass a law that says if budget deficit rises above 4%, the government shuts down and all departments have to negotiate their budgets down to go below 4%. If there was a crisis which may require the budget deficit to go above 4%, that is fine but it can never go past 5%. Even if the latter were to happen the government will have 2 years maximum to get that deficit back below 4%. The long term target budget deficit should be 3%-3.25%.


http://malaysiafinance.blogspot.com/2013/09/americans-playing-with-fire.html

 

Discussions
1 person likes this. Showing 31 of 31 comments

buffetthe2nd

they r doing countdown on bloomberg tv...very funny...hope they shut down forever,shut down the downjones,nasdaq,s&p...all shut down forever

2013-09-30 21:58

Fortunebull

Shutdown Bloomberg! Then we have superbull!

2013-09-30 22:01

rubisa57

Agree 110%, they talk nonsence.

2013-09-30 22:30

jjoker

Want to buy cheap things also...not too cheap...DJIA doesn't look severe....

2013-09-30 22:47

tjhldg

a lame-duck president

2013-10-01 01:19

tjhldg

and big round applause to us investor ,, matured and much smarter than their stupid politician ..

2013-10-01 01:25

lotsofmoney

The annual celebration of the big America Jokers in Washington.

2013-10-01 10:09

nightshade

i thought only bolehland's politician do all those clown works.....lol

2013-10-01 10:10

nightshade

it is already 23:09pm at Washington D.C .....not outcome yet?

2013-10-01 11:09

iafx

patient... may be a good thing also, think about it :D

2013-10-01 11:15

tjhldg

dow future up ... and regional market doing ok .... buisness as usual ?

2013-10-01 11:32

OSWALD

Shutdown will delay QE tapering...ha ha

2013-10-01 11:36

Hustle

The rubber tapper cannot entering the estate hehe

2013-10-01 11:37

buffetthe2nd

if shut down ,it mean QE will stay few more year,that good for market too

2013-10-01 11:39

nightshade

lol, you all really amazing....si bek beh tahan

2013-10-01 11:39

iafx

taper will happen in 2014 anyway, delay allows more room to adjust so v do not expect drastic reaction :)

2013-10-01 11:41

OSWALD

Heard on radio that visits to Statue Of Liberty will be closed.

2013-10-01 11:44

richman

you are right these politicans are very egoistic and childish.

2013-10-01 11:46

buffetthe2nd

shut down area 51

2013-10-01 11:48

buffetthe2nd

yes it's a shut down,confirm already

2013-10-01 11:56

OSWALD

It's World War ZZZ - ie. workforce stay home and sleep

2013-10-01 11:59

iafx

so far regional markets r calm in green :)

2013-10-01 12:00

buffetthe2nd

cheer for a longer QE

2013-10-01 12:02

iafx

no shit... markets could fly b'cos of this... LOL!

2013-10-01 12:04

buffetthe2nd

shut down area 51,free the little grey man

2013-10-01 12:11

nightshade

but i think before that, the short sellers won't let this news to waste....they will utilize this news to the max, maybe afternoon break got some reaction

2013-10-01 12:12

iafx

yup, it will be an interesting one :D

2013-10-01 12:15

buffetthe2nd

bcz of this news last week already all red

2013-10-01 12:24

buffetthe2nd

now reaction wont be big,pll already used to this news

2013-10-01 12:26

azta12

European markets seen mixed on US government shutdown.

2013-10-01 13:01

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