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Yes agree. It is not desirable to give rich people tax cuts. I will not agree to the assumption that it will spur growth (consider opportunity costs). Just think of that kind of growth that would be, yachts, jet-setting, jewellery, art, cocaine? They will not consume more of the basics...

Why would margin be hiked for CHF and JPY?

There are so many financial models that will have to be reprogrammed now. The assumption that treasuries are the safe haven of havens will soon be impossible to maintain even for the dim of dim witted. All the asset swaps and what nots used in repoes etc... Treasury colleteral... what a mess...

There was going to be a Fed meeting on Tuesday, no? I am too young to know, but does Fed go about changing dates of meetings and announcements in times of crises?

Yes, I'm about 25ish pages in. Im trying not to get swayed by your words ^^. I've looked so much at the US and know so little Europe (aside from UK total debt to GDP at 500 % which should make it shittier than US?). I agree with whats written so far, but so far it doesn't sound too different...

I'm offering a little funeral service for broken portfolios, nice little ceremony and all. http://www.youtube.com/watch?v=pUWZ_OAEgQE&ob=av2n

To mention the timetable of any event. I looked at the estimates of the budget: http://www.cbo.gov/ftpdocs/121xx/doc12130/04-15-AnalysisPresidentsBudget.pdf It's fairly optimistic to think that the revenue side will increase around 50 % in just 3-4 years and double around 2018. Consider...

I was thinking roughly of what kind of scenarios can unfold. Obviously details are almost impossible to predict. I'm not sure there are tons and tons of ways it can unfold. Key participants will be government, the American people voting in the next election, Fed, China, IMF/world, the various...

http://www.creditwritedowns.com/2011/08/will-the-world-still-buy-us-debt.html I thought this was pretty interesting. It is not whether China wants USD, it is whether they want to keep selling to the US. If they sell goods they have to accept dollars - and with those dollars buy assets of...

Hi, I've been following the forum for a while and decided to register. I've seen some very logical and lucid posts rather than just opinion dropping - very cool. Debt levels in the US have reached heights that do not allow any more shifting around between groups - private, government, state...