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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (76429)	7/16/2011 10:06:14 PM
From: Cogito Ergo Sum	Respond to of 218140

Amen

To: skinowski who wrote (76429)	7/16/2011 10:36:12 PM
From: RJA_	1 Recommendation Read Replies (3) \| Respond to of 218140

>>We would be wise to do our part and not destroy it. You bet. Posted in email out tray last week: ============= My take on it for what its worth: 1. Most folks think this is political theater, and will be negotiated until the last minute... and there will be no default... as that is the history of this kind of thing. 2. Other folks cant believe the R's would be so frekin stupid as to ruin the credit rating of the US and damage to some degree its reserve currency status that gives it the ability to tax the world through seniorage, therefore they discount its likelihood. 3. Others think that the R's are playing with fire, as folks will begin to pay attention when their medicare or social security benefits are cut... and they may get riled up enough to cost the R's 2012. Obama is hoping for this too. Folks don't think the R's are really that stupid, given what, 1995...? So they discount the likelihood. 4. However, some of the astro I have been reading can be interpreted as sudden unanticipated events possibly a USD currency event (please do not make any bets based on this, this is only slightly educated guesswork)... so I cant rule it out and it makes me nervous. Meantime, I have no problem with the trend of PMs over the last week... but per Jessie, options expiration is tomorrow, so if JPM can depress it a bit, I suppose they will. And again: =================== I think there is an arguement to be made that we are dealing with true believers (freshman class R's), and they will blow it up. After a week or 2 of that, they will wake up and say "what the f**k have we done, help us fix this", and debt ceiling will be extended, but by then, much damage done to credit rating and reserve currency status. ===================== If anyone has a direct line to one of these congress critters, suggest you use it.