Maybe if you knew, you'd vote differently. :toung:I second that motion. He's been gone way too long!! I miss his delightful commentary! Not even sure why he got banished..
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burrocrat's Account Talk
- Thread starter burrocrat
- Start date
DreamboatAnnie
Well-known member
Maybe if you knew, you'd vote differently. :toung:
Welll...maybe I would but I can't vote on what I don't know .... Plus I am too busy sewing those darn sock monkeys... lost that bet. Who knows what I will think up for that... will see about being "creative" !!!
:nuts:
DreamboatAnnie
Well-known member
Think hard before you bail. I'm in 50% and still sticking it out.
Actually, in all seriousness, could it be another 2008---maybe. But I don't believe this is based on actual financial climate and economy.
This is fear driven because of the "to the death" fight doing on in DC. Haven't seen one this bad before.
Now can the economy be hurt if debt ceiling is breeched and they don't resolve it---absolutely---that will definitely happen if they do not cut spending and get financial house in order, or if they do not deal on the debt ceiling (to extend) before we stop paying foreign lenders....keep in mind even if that is breeched, I heard on news that there was enough to pay foreign lenders a bit longer.
Also, polling done yesterday showed folks are pissed off at all of the politicos (Dems, Repubs, President) so with that showing up in polls, I doubt they are going to go down with a sinking ship. If they are all getting the blame they will deal sooner rather than later. Hopefully that will happen before any real damage is done. If they do not deal by the end of this week, prices will drop even more. But, I think it is going to pop back up as long as we do not go into default on debts. Just my thoughts.
One more thing ...maybe somebody can comment.... if we default, will the G fund value go down???
Frixxxx
Moderator
Well, yes. But you are protected on investment and earnings....
https://www.tsp.gov/investmentfunds/fundsheets/fundPerformance_G.shtml
However, I have talked to a few people that said it would be like all of current shares would be frozen seperately until a resolution could be obtained. Future G fund shares could be affected to a lower value....but I'm in the "it ain't going to happen" club.
burrocrat
Well-known member
who said anything about bailing? i'm a birchtee investor now. it's not a loss until you book it. wheeeee!
rcknfrewld
Active member
(this is me doing a drive by fist bump...no time to chat...too busy having the time of my life)
burrocrat
Well-known member
ok, i'm out. 100G cob today.
i'm getting really good at spotting the chaos spikes, unfortunately i still jump in a bit too early. this time i ate -2% before it turned, but if i can get out with a overall +1% gain on the trade i'll be happy.
prediction: senate comes up with a great deal this afternoon, yay. house doesn't like the deal and resubmits tomorrow, boo. senate doesn't like resubmitted deal thursday, boo, boo.
everybody sees what is going on here, right? without some serious change, at some point we are going to have to default and the market doesn't believe the hogwash that mr. lew can't prioritize interest and debt payments over alpo for mom and pop. so they're giving him a little sea trial here so he can shake out the bugs and get their priorities straight for the next one, which might be the big one.
i'm getting really good at spotting the chaos spikes, unfortunately i still jump in a bit too early. this time i ate -2% before it turned, but if i can get out with a overall +1% gain on the trade i'll be happy.
prediction: senate comes up with a great deal this afternoon, yay. house doesn't like the deal and resubmits tomorrow, boo. senate doesn't like resubmitted deal thursday, boo, boo.
everybody sees what is going on here, right? without some serious change, at some point we are going to have to default and the market doesn't believe the hogwash that mr. lew can't prioritize interest and debt payments over alpo for mom and pop. so they're giving him a little sea trial here so he can shake out the bugs and get their priorities straight for the next one, which might be the big one.
burrocrat
Well-known member
yay me! i think i just passed birchtree on the 'top posters in 90 days' column on the top 20 stats menu, i've been working on that goal fo the last, umm, 90 days. that's good for 2nd place but no worries, i have no plans to take nnuuts top spot, there just isn't time for that, i'm already in my 40's.
