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Thread in which the world laughs at America

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  • #1

    Thread in which the world laughs at America

    What the **** is wrong with you all?

    The stupidity of this waltz towards defaulting is enthralling, amusing, and tantalizing.

    Question: Will my mortgage rate be lower if the US defaults? I need some perspective here.
    "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
    Ben Kenobi: "That means I'm doing something right. "
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  • #2
    The market disagrees with your assessment that this is a waltz toward default. CDS spreads on US Treasuries are below those on German Bunds or UK Gilts.
    12-17-10 Mohamed Bouazizi NEVER FORGET
    Stadtluft Macht Frei
    Killing it is the new killing it
    Ultima Ratio Regum

    Comment

    • #3
      It's quite simple, Asher--American government favors political gridlock in order to promote compromise. We've had this discussion before...
      If there is no sound in space, how come you can hear the lasers?
      ){ :|:& };:

      Comment

      • #4
        Answer the damn question about my mortgage rate.
        "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
        Ben Kenobi: "That means I'm doing something right. "

        Comment

        • #5
          Originally posted by KrazyHorse View Post
          The market disagrees with your assessment that this is a waltz toward default. CDS spreads on US Treasuries are below those on German Bunds or UK Gilts.
          How good is the market at predicting political risk? I suppose if that were something that people knew the market would just adjust, but still, it seems like not really a thing markets would be great at predicting.
          If there is no sound in space, how come you can hear the lasers?
          ){ :|:& };:

          Comment

          • #6
            Originally posted by KrazyHorse View Post
            The market disagrees with your assessment that this is a waltz toward default. CDS spreads on US Treasuries are below those on German Bunds or UK Gilts.
            Excellent response.

            Comment

            • #7
              So is he saying it's more of a tango, or just a conga line?

              Comment

              • #8
                Originally posted by Hauldren Collider View Post
                How good is the market at predicting political risk? I suppose if that were something that people knew the market would just adjust, but still, it seems like not really a thing markets would be great at predicting.
                How good is the market at predicting anything, really?
                “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                "Capitalism ho!"

                Comment

                • #9
                  The market predicted the demise of the dot-com boom pretty well.
                  "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                  Ben Kenobi: "That means I'm doing something right. "

                  Comment

                  • #10
                    Originally posted by DaShi View Post
                    How good is the market at predicting anything, really?
                    Better than you. Or Asher. Or anybody else really.
                    12-17-10 Mohamed Bouazizi NEVER FORGET
                    Stadtluft Macht Frei
                    Killing it is the new killing it
                    Ultima Ratio Regum

                    Comment

                    • #11
                      Originally posted by DaShi View Post
                      How good is the market at predicting anything, really?
                      Feel free to try your hand at it if you think you can do better, by the way.
                      12-17-10 Mohamed Bouazizi NEVER FORGET
                      Stadtluft Macht Frei
                      Killing it is the new killing it
                      Ultima Ratio Regum

                      Comment

                      • #12
                        It wasn't meant to be personal.
                        “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                        "Capitalism ho!"

                        Comment

                        • #13
                          Mortgage rate? Up or down?
                          "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                          Ben Kenobi: "That means I'm doing something right. "

                          Comment

                          • #14
                            It can't go much lower, can it?
                            (\__/)
                            (='.'=)
                            (")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.

                            Comment

                            • #15
                              I thought that when I got in at 4.3%. Now it's 3.8%.

                              I don't have to make a final judgment call til January.
                              "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                              Ben Kenobi: "That means I'm doing something right. "

                              Comment

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