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Aug 2, US-living on borrow time from debt disaster
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Peter_Pan
Supreme |
03-Oct-2013 11:26
Yells: "kopi-o siu dai mai hum!" |
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x 0 Alert Admin |
tick tock tick tock | ||
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teeth53
Supreme |
03-Oct-2013 10:38
Yells: "don't learn through life, learn to grow with life " |
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http://www.cnbc.com/id/101047518 Whenever the govt is going to exceed a debt limit?meaning it needs more funding for current debt?Congress has to vote its approval to raise it. As of September 2013, the debt limit is $16.7 trillion. But President Barack Obama has asked Congress to raise it. According to the Treasury Department, raise debt ceiling which has happened. Since 1960, Congress has acted 78 times to permanently raise, temporarily extend or revise the definition of the debt limit?49 times under Republican presidents and 29 times under Democrats. In 2011, a debt ceiling crisis was part of the ongoing debate in Congress about the appropriate level of govt spending and its consequential impact on the national debt and the debt ceiling. (National debt is the sum of all outstanding debt owed by the federal govt. It includes not only the money the govt has borrowed, but also the interest it must pay on the borrowed money.) The crisis was resolved with a complex deal that raised the debt ceiling and reduced proposed increases to future government spending, but it did not avert similar debates for future budgets. ?By CNBC.com. It would " threaten the jobs and savings of everyday Americans." |
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teeth53
Supreme |
01-Oct-2013 12:10
Yells: "don't learn through life, learn to grow with life " |
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12:02: Dow futures still up 26 points. Meanwhile, networks have shifted from counting down to the shutdown, to counting up to mark how long the shutdown has lasted! 12:00: And there you have it (no showdown, it a shutdown, effecting about 800,000 personnels)
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teeth53
Supreme |
01-Oct-2013 11:54
Yells: "don't learn through life, learn to grow with life " |
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x 0 Alert Admin |
http://www.whitehouse.gov/sites/default/files/omb/memoranda/2013/m-13-24.pdf | ||
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matrixxx
Senior |
29-Sep-2013 22:30
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The Americans are the most fascinating ppl in the world, they have raise the debt ceiling before, and they will be able to do it once again and again | ||
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teeth53
Supreme |
29-Sep-2013 20:31
Yells: "don't learn through life, learn to grow with life " |
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America's Debt Challenge " in the back of most traders' minds is 'what if?'
U.S. debt ceiling threat: Millions won't get paidThe unthinkable for Treasury - not being able to pay all the country's bills in full and on time - is becoming a distinct possibility as Congress fails to move to raise the debt ceiling. The consequences of inaction would cause a cascade of problems.
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mb7269
Senior |
28-Sep-2013 14:48
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shame .... still thinking to fight war when there isn't suppose to be war... | ||
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Peter_Pan
Supreme |
28-Sep-2013 14:37
Yells: "kopi-o siu dai mai hum!" |
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x 0 Alert Admin |
Standby button next week...once the news hit the wire...you know what to do...yes..press "enter" | ||
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teeth53
Supreme |
28-Sep-2013 14:13
Yells: "don't learn through life, learn to grow with life " |
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Threat of a US federal govt shutdown next week in a budget battle hung over Wall Street, leaving the Dow and the S& P 500 lower for the week. Concerns rose as the deadline for a budget deal neared, with a divided Congress heading down to the wire to find a plan for funding operations on the start of the 2014 fiscal year Tuesday. A mistake in perception about a Washington budget deal " could cause markets to drop precipitously because the unexpected occurred." A congressional deal is still the most likely scenario, said Art Hogan, head of product strategy for equity research at Lazard Capital Markets. But " in the back of most traders' minds is 'what if?'
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teeth53
Supreme |
28-Sep-2013 14:00
Yells: "don't learn through life, learn to grow with life " |
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Hi Starlene. Thk n missed out ur post, really..sori, Din vest in Rex when it hit 70cts. Between REX n YHM. YHM caught my attention (vested abit). Wish U huat huat...too, on ur choices.
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teeth53
Supreme |
23-Sep-2013 22:52
Yells: "don't learn through life, learn to grow with life " |
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x 0 Alert Admin |
http://money.cnn.com/2013/09/23/news/economy/shutdown-economy/index.html?iid=HP_Highlight Would be inconvenient and frustrating, n depends on how long it lasts. teeth53 thot - Showmanship or showdown???. this wk, starting tonite. |
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teeth53
Supreme |
23-Sep-2013 22:27
Yells: "don't learn through life, learn to grow with life " |
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x 0 Alert Admin |
U.S. living on borrow debt again...?. Unanswered questions weighing on the Investors. Chief among them: When will Federal Reserve finally begin cutting back on its monthly $85 billion bond-buying program?. Will the U.S. government shut down on Oct. 1 or default on its debt? teeth53 thot - Anything can happen during d last hours, in order to save the day.
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teeth53
Supreme |
16-Aug-2013 08:34
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/data/fear-and-greed/ Previous closed / last closed - at 47 points. Gear toward neutral rather then extreme fear. Isit time to pick stocks selectively..??.
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teeth53
Supreme |
16-Aug-2013 08:28
Yells: "don't learn through life, learn to grow with life " |
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x 0 Alert Admin |
Japan's national debt: $10.42 trillion (S$13 trillion), and still counting...more than twice the size of of its economy. http://www.straitstimes.com/the-big-story/asia-report/japan/story/japans-national-debt-end-june-tops-record-figure-13-trillion-2 Japan's eye-watering national debt has topped one quadrillion yen, a record figure that underlines Tokyo's struggle to curb its huge borrowing. Tokyo has the dubious distinction of having, proportionately, the biggest debt pile among industrialised nations. The lion's share of that debt is from long- and short-term Japanese government bonds, as well as other borrowing. The staggering figure, about 1.7% higher than the previous quarter, comes a day after Japan pledged to slash its budget and get spending under control. Japan has not faced a public debt crisis like the kind seen across the debt-riddled eurozone, largely because most of its low-interest debt is held domestically rather than by international creditors. IMF and others have issued warnings on Tokyo's ever-increasing borrowing, after a series of sovereign credit rating downgrades in recent years. This week the IMF called on Japan to adopt a " credible" fiscal plan to repair its books, including raising sales taxes to generate new revenue. Prime Minister Shinzo Abe's govt is mulling whether to go ahead with a series of sales tax rises that would double the rate to 10% by 2015, a key source of new income but one that some fear would stall his economy-boosting plan dubbed " Abenomics" . |
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teeth53
Supreme |
12-Aug-2013 13:48
Yells: "don't learn through life, learn to grow with life " |
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Japan's national debt: $10.42 trillion (S$13 trillion), and still counting...more than twice the size of of its economy. http://www.straitstimes.com/the-big-story/asia-report/japan/story/japans-national-debt-end-june-tops-record-figure-13-trillion-2 Huge debt-servicing costs as well as bulging social welfare spending have hampered Japan's efforts to pare its public debt. Tokyo has the dubious distinction of been piling among industrialised nations. |
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teeth53
Supreme |
16-Jul-2013 22:37
Yells: "don't learn through life, learn to grow with life " |
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Federal Reserve (Ah Ben) will it keep its foot on the gas pedal for the foreseeable future, in its controversial effort to stimulate the recovery...???. Stocks: Holding onto record highsU.S. stocks were expected to open little changed as investors await for more corporate results and Bernanke comments. More |
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teeth53
Supreme |
07-Jul-2013 00:24
Yells: "don't learn through life, learn to grow with life " |
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x 0 Alert Admin |
http://money.cnn.com/data/fear-and-greed/
Last updated Jul 5 at 4:48pm
Seven Fear & Greed IndicatorsHow we calculate the index More »Stocks have outperformed bonds by 8.23% points during the last 20 trading days. This is close to the strongest performance for stocks relative to bonds in the past two years and indicates investors are rotating into stocks from the relative safety of bonds.
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teeth53
Supreme |
26-Jun-2013 08:57
Yells: "don't learn through life, learn to grow with life " |
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http://www.npr.org/blogs/thetwo-way/2013/05/14/183985472/huge-boost-in-u-s-oil-output-set-to-transform-global-market U.S. oil production is rising sharply and increased output from shale will be a " game changer" in global energy markets in coming years, according to a new report out Tuesday by the International Energy Agency. " U.S. shale oil will help meet most of the world's new oil needs in the next five years, even if demand rises from a pick-up in the global economy," the Paris-based agency said in its five-year outlook, called the Medium-Term Oil Market Report. " North American supply is even bigger than we thought. A real game changer in all way," said Maria van der Hoeven, the IEA's executive director. North American production has set off a " supply shock that is sending ripples throughout the world" and urged the US to dismantle the Export Administration Act of 1979, which bans the sale of U.S. crude abroad, except to Canada and Mexico. " This issue is on the table. I think it has to be addressed because if there are no export licenses for crude, then the industry will find different ways, as they are looking for now already with processed, half-processed products, things like that," van der Hoeven said. The IEA report forecasts:
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teeth53
Supreme |
26-Jun-2013 08:50
Yells: "don't learn through life, learn to grow with life " |
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Benchmark oil prices are set to decline further this week after the US Federal Reserve Chairman Ben Bernanke put markets on notice last Thursday that they will be weaned off the " easy-money" policies that have been so central to supporting risk assets such as commodities. Tuesday - NEW YORK: Global oil prices rose modestly after a rash of positive US economic data underpinned hopes for stronger growth in the world's largest economy. The small rally came as traders awaited the US govt's weekly report on the nation's petroleum supplies due Wednesday. New York's main contract, West Texas Intermediate light sweet crude for August, closed at $95.32 a barrel, an increase of 14 cts from Wednesday's closing level. In London trade, Brent North Sea crude for delivery in August rose 10 cts to settle at $101.26 a barrel. Upbeat US indicators pointed to improvement: Durable goods orders climbed better-than-expected 3.6% in May. The recovering housing sector, sales of new homes in May rose at the fastest since July 2008, and consumer confidence surged to a five-year high in June, far above analyst expectations. While the data helped to support crude prices, it also lifted the dollar, which in turn " added some downward pressure to the WTI," said David Bouckhout of TD Securities. |
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teeth53
Supreme |
15-May-2013 09:38
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2013/05/14/news/world/oil-iea-demand/index.html?iid=HP_LN Booming North American oil production is reshaping world markets and will help satisfy the growing thirst for oil in the developing world, according to the International Energy Agency (IEA). Is sending ripples throughout the world.IEA Exe Director. Maria van der Hoeven. " This is helping to ease a market that was relatively tight for several years."Growing North American production will help the U.S. meet its own energy demands, cut back on imports n instead start flowing to emerging mkts. The Paris-based IEA forecasts that North America's oil supply will grow by nearly 4 million barrels per day between 2012 to 2018, amounting to nearly 50% of global output growth over that period. " The shock waves of rising U.S. shale gas, light tight oil and Canadian oil sands production are reaching virtually all recesses of the global oil market," stated the IEA report. The U.S. is experiencing an oil boom, in large part thanks to high world prices and new technologies, including hydraulic fracking, that have made the extraction of oil and gas from shale rock commercially viable. The IEA says the shift will be seen this quarter, with demand from developing countries hitting 54% of the global total by 2018, up from 49% in 2012. Related: U.S. to become biggest oil producer The country leading this move is China, the world's 2nd largest consumer after the U.S., which has been guzzling oil at an ever faster rate. The report forecasts that Chinese demand for oil will rise by 25% between 2012 to 2018, while U.S. demand will steadily decline. |
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