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Personal Finance and Investing

bucolic_frolic

(46,979 posts)

22. It's all noise until somebody calls in their Treasury bonds and doesn't get paid

Reply to Eliot Rosewater (Original post)

Fri Oct 1, 2021, 11:44 AM

Oct 2021

That would plunge the value of the US dollar. But the politicians will posture to score political points until the last minute, then compromise and pass it. If they didn't they would be *to blame* and we can't have any of that.

I don't worry about it too much, though emerging market bonds have tumbled this week. I watch the thinking man's side of Youtube, no gold/crypto/Schiff/and the like type hype, and opinions are all over the place. Up to 2 weeks ago I was hearing a 5% correction then the annual fall tech rally, but there is also a school of thought on deflation very soon. One did think a 50% haircut will happen soon, and these are not the crazy hype advisors. But I don't worry. I lightened up, I'm hedged, the biggest problem is China equities and you know it's still a great growth story 6-12 months out.

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Who here understands the DRASTIC effect refusing to raise the debt ceiling will have on the market? [View all] Eliot Rosewater Sep 2021 OP

It has caused a 50% drop in my small brokerage account over the past few days. jmbar2 Sep 2021 #1

Yes, just the last 2 days is bad enough but I suspect the next few weeks to be brutal. Eliot Rosewater Sep 2021 #4

The turtle couldn't be happier. He said he took no responsibility for what would happen Walleye Sep 2021 #2

The question is how much are his billionaire owners willing to suffer Eliot Rosewater Sep 2021 #5

I have a sneaky suspicion.... TheRealNorth Sep 2021 #13

Turtle is a psychopath I_UndergroundPanther Sep 2021 #9

Republican Dine and Dash aka GOP Chew and Screw C_U_L8R Sep 2021 #10

I think it's something like Theft of services, a crime Walleye Sep 2021 #12

I understand. My pension fund has dropped 10k in ONE DAY. Doodley Sep 2021 #3

I have to consider pulling it all out for a few weeks. Broker can put it in a simple Eliot Rosewater Sep 2021 #6

That's the whole point, isn't it? wnylib Sep 2021 #7

Of course it is. The GOP is a terrorist organization and they can crash the market Eliot Rosewater Sep 2021 #8

"Has the debt ceiling ever not been raised?" - There was a brief debt default in 1979... PoliticAverse Sep 2021 #11

Article doesnt say what happened to the market when this happened. Eliot Rosewater Sep 2021 #19

The GQP knows we will use reconciliation to get it done at the last moment. They know we will fold.. krawhitham Sep 2021 #14

And if they are being controlled by Koch and the like, they might do exactly that. Eliot Rosewater Sep 2021 #18

It'll be a good time to buy. multigraincracker Sep 2021 #15

Keep an eye on the 10 Year Treasury yield. A HERETIC I AM Sep 2021 #16

Thanks, I wish I understood this. Do me a favor, tell me WHERE to look and exactly what Eliot Rosewater Sep 2021 #17

Any quote platform or website will have that quote. A HERETIC I AM Sep 2021 #20

THANK YOU SO MUCH! Eliot Rosewater Sep 2021 #21

It's all noise until somebody calls in their Treasury bonds and doesn't get paid bucolic_frolic Oct 2021 #22

Thanks Eliot Rosewater Oct 2021 #23