Poll: Will Uncle Sam Declare Bankruptcy by 2014?

[zdreg]

Quote from robbie380:

and the stock market doesn't mean the u.s. is insolvent.

remember that this pullback in the market only brought us back to the historic average p/e of around 13 for the s&p 500. let's also not forget that p/e's were around 7 for the s&p 500 back in '82.

thx for the historical perspective.

 

[mcheema]

most recent s&p forecast of 2009 earnings officially is 48.5
so 13 pe is around 600

 

[MOC4Life]

crazy

 

[Comptalk]

I hear Warren Buffett is close to make an offer to Paulson and Cheney for controlling share of the United States.

 

[saliva]

So it's been over a year this thread was created and I thought you might have since changed your mind about the possibility of Uncle Sam defaulting on its IOU by 2014. Has anything much happened except the dizzying roller coaster ride of 2008-09 that might lead you to think differently? Well, the federal debt ceiling, for one, is off the hook and the dollar came dangerously close to collapsing. Worse, there's no solid evidence that we're out of the woods just yet.

Anyway, I'll be resurrecting this baby at least once a year until 2014 to gauge your reaction (should I be around that long).