SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : All About Sun Microsystems
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: cfimx who wrote (49520)6/7/2002 5:28:54 PM
From: Steve Lee  Read Replies (2) of 64865
 
"But I believe there is a problem (dollar; derivative related?)lurking out there that will get us sometime in the next three to five years,"

I believe there is a problem out there that will get us within the next month.

It is the Public Debt. It is at its congress set ceiling and there is a serious risk of the US govt defaulting on its debt payments. That, not war in India/Pakistan or terrorism, has been the direct reason for the run in gold and the fall in the dollar recently. We are literally days away from this coming to a head.

I don't expect a default because the ceiling will likely be raised. But the risk of default, and the publicity the Dems will ensure while getting the limit raise through congress, will shake the markets.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News