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- Miker9 commented Aug 21, 2011
Reuters says" With the global economy sputtering and financial markets on the rocks, the world needs reassurance the U.S. central bank stands ready to save the day" This is quite a bit of HYPERBOLE by Reuters. Reuters apparently ASSUMES that a ...
All eyes on Bernanke as recession looms
- Miker9 commented Aug 3, 2011
I hope that you are right, krisware.
Swiss National Bank takes measures against strong Swiss Franc
- Miker9 commented Aug 2, 2011
Yao, you are right. No rating agency dares to lower US debt. And PARTICULARLY with the current Administration. Any agency that did lower its rating would then be called in for an "investigation" by Eric Holder's office.
Fitch: US AAA rating commensurate with "extremely low" risk of default
- Miker9 commented Aug 2, 2011
The "FIX" must be in. I'm not surprised. Moody's is sugarcoating the continued US debt and spending problem. The markets didn't though. They bought USDCHF again. Perhaps Moody's didn't hear Obama's speech today.
Moody's confirms US Aaa Rating, assigns negative outlook
- Miker9 commented Jul 31, 2011
Oh, and here's the kind of "deal" that the Democrats ALWAYS want. CUT DEFENSE SPENDING! You don't even have to ask them. Republicans should fight this kind of "Deal".
US debt crisis: Republicans and Democrats strike a deal
- Miker9 commented Jul 31, 2011
That kind of a deal would deserve a debt downgrade.
US debt crisis: Republicans and Democrats strike a deal
- Miker9 commented Jul 31, 2011
"ONGRESSIONAL leaders have reached a debt deal to prevent the first government default in US history, a Democratic official says" There WASN't going to be a default. More SCARE tactics by the Administration, to pressure Republicans into voting ...
US Congress strikes debt deal
- Miker9 commented Jul 28, 2011
In the US that won't stop Obama from pushing to give more stimulus money to states to spend on High speed rail projects (and whether the states need them or not), as he suggested in his last televised speech..
China's economic miracle may be about to come off the rails
- Miker9 commented Jul 28, 2011
Dollar strengthened briefly on the news.
MSNBC House Republican Whip Kevin McCarthy announces no vote tonight
- Miker9 commented Jul 28, 2011
CNBC states that one way to avoid a debt downgrade is to "raise revenue". Now that's a interesting and a previously unheard of way to avoid a downgrade! And it amazingly agrees completely with the views of Obama and Dem congressmen. Now Greece ...
What Happens If the US Is Downgraded?
- Miker9 commented Jul 28, 2011
Deal or no Deal, it should always be good to play for Dollar weakness. This probably will play out in EUEUSD, but the euro is also weak compared to other currencies. And if the stock market goes up, then the Euro goes up. But definitely the dollar ...
Reuters: Republicans postpone vote on Boehner debt bill
- Miker9 commented Jul 28, 2011
." House Fails to Pass the Bill: If that 6PM vote time is delayed it may mean that the Republicans don’t have enough votes to pass the measure. If the vote fails in the House then Boehner’s position as majority speaker becomes more tenuous and it ...
House to Vote on Boehner’ Debt Ceiling Bill at 6PM ET – Key Next Step in US Debtmaggedon
- Miker9 commented Jul 28, 2011
Boehner bill does not cut spending, so This would be EXCELLENT for the greenback.
Reuters: Republicans postpone vote on Boehner debt bill
- Miker9 commented Jul 27, 2011
Don't blame the tea party for the new trillions spent the last 2 years. last thing America needs is for the Spender In Chief to be given a new credit card when he won't pay off the old one. And don't forget the government accounting gimmick known as ...
Orders for U.S. Durable Goods Unexpectedly Decreased in June
- Miker9 commented Jul 24, 2011
"President Barack Obama heard details of a Senate Democratic plan that would rely on spending cuts, not new tax revenue, which would violate one of his key demands" well, Gee, hasn't Obama been saying all along that it's CONGRESS's fault that that ...
Markets on edge as US rushes to avert default
- Miker9 commented Jul 23, 2011
This one is easy. When Obama talks, sell the dollar.
How to Trade Washington's Debt-Ceiling Gridlock
- Miker9 commented Jul 23, 2011
Obama blames the debt ceiling, when he is the debt problem.
Barack Obama warns of market meltdown if US debt talks fail
- Miker9 commented Jul 20, 2011
More fear mongering from Reuters, a pro-Obama news organization, and the Obama-controlled Fed. If August 2 comes by, all of a sudden there will be some "slack" that is found in the deadline date. It's the SPENDING that is the problem, not some ...
Fed planning for potential default
- Miker9 commented Jul 19, 2011
If the purpose is to balance the budget, then "Gang of Six" won't do that. Proposals are for FUTURE cuts.
Obama: Progress made; issues narrowed
- Miker9 commented Jul 18, 2011
House will make a Symbolic vote to produced a balanced budget amendment, while Obama will make a Symbolic promise to cut spending if the debt ceiling is raised.
White House Makes Last-Ditch Plan to Raise Debt Ceiling