If USA defaults, stock market collapses 30%, GDP down 5%

I think the dollar will go up -- perversely--if the USA defaults because whenever there is risk and uncertainty, investors like CHF, JPY, USD... it's funny: the US defaults and the dollar goes up... anyone remember Lehman collapsing and the dollar shooting up to $1.25 for 1 Euro? I wouldn't be surprized if this happend again.
 
Quote from Kazak_Trader:

I think the dollar will go up -- perversely--if the USA defaults because whenever there is risk and uncertainty, investors like CHF, JPY, USD... it's funny: the US defaults and the dollar goes up... anyone remember Lehman collapsing and the dollar shooting up to $1.25 for 1 Euro? I wouldn't be surprized if this happend again.
More...

+1

i think there are other than econmic forces at work whether default or not.
 
Quote from toc:

cut defense budget by $300B a year

stop all foreign aid to every other country

increase taxes on rich

bring down the living standards in prison and convict welfare, save $10B

stop buying chinese or rather put 10% duty on all chinese goods

stop all welfare program except for sick and old

expel nearly all illegals and force US public to do those jobs i.e 4-5M jobs right there

many more...........american creativity is world renowned!

:D :cool: :p
More...
+1

we have incarcerated 2.2 million

http://www.commondreams.org/headlines06/0608-05.htm


gosh.. i wish we cud make peace with cuba and ship some overseas.. and reduce the 60 billion bill.. cuba wud gladly do it in 10-20% cost.. ha ha..
 
You must log in or register to reply here.
Back
Top