cpak's  Instablog

cpak
Send Message
Never make a decision. Let someone else make it and then if it turns out to be the wrong one, you can disclaim it, and if it is the right one you can abide by it. Howard Hughes
My blog:
Every man has a price
  • Us debt ceiling 0 comments
    Jul 19, 2011 2:19 PM

    A lot of talk and anxiety on capitol hill about the US debt. Seems like decisions can not be made and apparently are not even close on what to do. Obama walked out on a key meeting yesterday. However, if future expenditures are not cut and the debt is not balance the US can see a credit rating downgrade. This will mean that borrowing will become more expensive and this in turn will trickle down to businesses and people in general who need loans, credit, etc. A rise in gold even today seems to indicate people are hedging for this. Not only that but a government stop would have an immediate economic effect. Government checks would not be issued to employees, no social security checks etc. They are meeting today again in Washington, lets hope we can see some progress, better yet, solid and agreed upon legislation to fix this.


    Also check out my friends blog on this same issue and my guest post video:
    http://johnrosedotorg.wordpress.com/2011/07/18/will-america-default/

Back To cpak's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Goodbye $GME
    May 23, 2013
  • The bears come out. So does the Johnnie Walker Blue
    Aug 4, 2011
  • Even though goldman has missed earnings. I still like them at 130.
    Jul 19, 2011
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.