Article

2010-05-09 Economy

U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody's

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Posted by tipper 2010-05-09 08:11|| || Front Page|| [11131 views ] Top

#1 Deninger was painting Moody's with a pretty tarry brush yesterday - might need to look carefully for ulterior motives in their pronouncements these days.

Posted by Glenmore 2010-05-09 08:24|| 2010-05-09 08:24|| Front Page Top

#2 Five years is simply too large a spread. I think we're aleady seeing the in some sectors. Having to borrow money to pay the interest on the borrowed money... not good.

Posted by Besoeker 2010-05-09 08:44|| 2010-05-09 08:44|| Front Page Top

#3 Paying off the Visa using the Master Card.

Posted by lotp 2010-05-09 09:42|| 2010-05-09 09:42|| Front Page Top

#4 Wait till they get that, one and only, special offer in the mail to consolidate all their bills at the low low interest rate of 21%.

Posted by Procopius2k 2010-05-09 10:09|| 2010-05-09 10:09|| Front Page Top

#5 So we will have a new crisis. My thought is we will follow the natural course of things by giving government control of our discretionary income. A debit card is all we will have to use on anything we acquire. Everything will be rounded off so no change or money given back. We will use the card for everything. Driving, what we eat, medical, so we will either be approved or declined for each and every activity. Think of the intervention at every turn. The government owned banks will be funded and programed to fund each person an amount they feel you are allowed.
So discretionary income is at their discretion.

Posted by Dale 2010-05-09 11:14|| 2010-05-09 11:14|| Front Page Top

#6 Forget the debit cards Dale. Ombamacare will provide the electronic embedded chip. It will only leave a small mark. Nothing beastly.

Posted by Besoeker 2010-05-09 11:20|| 2010-05-09 11:20|| Front Page Top

#7 We'll be back to the late '70s: soaring energy and asset prices, high inflation, high interest rates. Buy oil futures, gold, precious metals.

Putin is laughing at us. All the way to his Swiss bank accounts where his ~~10 20 30 40 50~~ 60 billion is kept.

Posted by lex 2010-05-09 11:33|| 2010-05-09 11:33|| Front Page Top

#8 I'll go with it being a mark or stamp on the forehead or the back of the hand Besoeker. (1)

The mark might be a microchip, RFID, etc...

((1) That's a reference to the 'mark of the beast' from Revelations.)

Posted by CrazyFool 2010-05-09 11:44|| 2010-05-09 11:44|| Front Page Top

#9 If we take Congress' credit cards away in 2010 and rollback and cleanup Congress' playground, our country might have a chance. The government has to refrain from their psychopathic urges towards social engineering, regulation of everything, and taxes. The government also has to start thinking that business is not a dirty work and start working towards stimulating American business again rather than handicapping and neutering it.

Posted by JohnQC 2010-05-09 15:16|| 2010-05-09 15:16|| Front Page Top

#10 Whoa, YARN 2018 is DA BOMB!?

To wit,

* RUSSO-CHINESE "WAR AGZ THE US NOT ONLY POSSIBLE BUT DESIRED", ala "LOCAL/WAR/BATTLE ZONE" SCENARIOS.

* Forecasted Annum date for US deployment of reliable GMD-TMD in various [strategic = strategiric] World regions.

* RUSS-DISCOVERED SPACE ROCK THREATS.

* US ECON COLLAPSE, ala POTUS BAMMER BUDGET + OTHER.

* SUNSPOTS? > MSM-NET NEWS = SCIENTISTS: NEW SOLAR FLARE 2012-2014.

Posted by JosephMendiola 2010-05-09 19:14|| 2010-05-09 19:14|| Front Page Top

#11 "DEVILS ADVOCATE" Movie > AL "SATAN/LUCIFER" PACINO to Sonny-Boy + FELLOW LAWYER, ANTICHRIST FROM HAWAII KEANU REEVES > [paraph]"CONSIDER THE SOURCE, SON ... THE MAN/BIG BOSS [God] UP THERE IN HEAVEN IS THE GREATEST, MOST CRIMINAL VOYEUR, MASOCHIST, GENOCIDIST, ETC. OF US ALL"!

Posted by JosephMendiola 2010-05-09 19:21|| 2010-05-09 19:21|| Front Page Top

#12 If we take Congress' credit cards away in 2010 and rollback and cleanup Congress' playground, our country might have a chance.

It doesn't matter. Once the baby boomers are eligible for SS and Medicare in large numbers, it will overwhelm the budget. You can zero out every other federal spending and SS, medicare and interest will will still cause the budget to be in deficit.

Posted by ed 2010-05-09 22:39|| 2010-05-09 22:39|| Front Page Top

00:01 49 Pan
23:51 49 Pan
23:13 ed
23:09 ed
22:48 ed
22:44 abu do you love
22:39 ed
22:27 Thing From Snowy Mountain
22:26 lotp
22:25 Pappy
22:20 lex
22:16 ed
22:13 SteveS
22:08 Thing From Snowy Mountain
22:07 trailing wife
22:03 Thing From Snowy Mountain
22:02 lex
22:01 Thing From Snowy Mountain
21:58 KBK
21:58 Barbara Skolaut
21:57 Thing From Snowy Mountain
21:51 Zhang Fei
21:39 lotp
21:34 lotp