Possible US default on it's debt.

Overnight

Overnight

Apparently this has not happened before, and I read various theories on what it would do to the treasury markets, stock markets, and ultimately the world economy.

One of the potential solutions, were it to happen, is to keep rolling maturity dates on notes and bonds forward until they can pay out?

Is that feasible?

Thoughts?
 
SPX Options Trader said:
I think the Government will default. And the market will crash below 2008 levels. Possibly below 1995 levels.
Everyone should bet down now with put options.
More money for you, more money for me, more money for everyone.
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If you believe in that, you are buying put options right now at like 666 on the SP or something.

But we know you are not doing that.
 
Overnight said:
If you believe in that, you are buying put options right now at like 666 on the SP
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Long shot, far out, lottery tickets, no way. I'm a precision player, who desires to kill today. Hunt today.

Funny you mentioned 666.
My PO Box number has 666 in it. And my Checking and Savings account numbers have 666 in it.
No joke. It's a creepy coincidence.
 
It will get worked out in the form of concessions on Biden's 3.5T plan. The questions is: Who has the leverage and what will be traded?

It is practically Christmas in Washington.
 
xandman said:
It will get worked out in the form of concessions on Biden's 3.5T plan. The questions is: Who has the leverage and what will be traded?

It is practically Christmas in Washington.
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About time somebody puts a stop to Biden's spending to get people off their couch and go work. There is a horrible deterioration of service everywhere now because nobody wants to work anymore. Before we have 100% robotics, people need to get off their a$$'s and work.

And that $3.5T infrastructure bill is a total waste of money; you might as well go back to Afghanistan and fight another war against the Taliban. We are not in the 1950's anymore where all we needed was a bunch of roads and bridges for the cars to drive everywhere. Today what we need is technology and robotics!!! Once we develop robotics and implement them to increase productivity, we 1) break our reliance on the overseas supply chain countries who will eventually become China today once they get too rich and 2) we get the economy up to a new level and naturally we will have all the money we need to build all the infrastructure we want instead of incurring so much debt now to spend on things that we don't even need. Well this is what happens when you elect somebody from the 1950's who doesn't really have any vision for the future.
 
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