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HUFFPOST SUPER USER
AmySeow
11:23 PM on 07/16/2011
This really is the beginning of the end, and it's time that America woke up to it. The Europeans are all looking at backing the euro with gold and silver, but Americans just apathetically find a magic cure.
http://www.amazon.com/Simple-Wealth-Mr-Andrew-Costello/dp/1463523017/ref=sr_1_2?s=books&ie=UTF8&qid=1310872725&sr=1-2
10:25 PM on 07/16/2011
And again, what was the song the band struck up on the Titanic, just before the ship sank?
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joebaggadonuts
Civilization: Evolutionary pathway of choice.
01:27 PM on 07/17/2011
You have fingers, HO. How come I have to look it up for you? http://www.titanic-titanic.com/titanic_band.shtml
10:25 PM on 07/16/2011
It is time for the US Chamber of Commerce and the Koch brothers to take their children out to the wood shed. They helped to elect these spoiled juveniles. Cantor is a prime example of a spoiled child. His high school year book quote "I want what I want, when I want it" says it all. Most 2 years olds out grow their whiney behavior before high school. Mom's don't let your children grow up to be spoiled little Republicans. They may have to sit at the adult table someday.
08:26 PM on 07/17/2011
Drivel.
08:20 PM on 07/16/2011
true hp'r could care less, investing is way over their heads
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Raccoon1
These are the times that try men's souls........
09:46 AM on 07/17/2011
As spelling and punctuation is over yours.
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HUFFPOST SUPER USER
AmySeow
07:30 PM on 07/16/2011
The best thing that could happen for America is the fall of the stock market. This imaginary speculation is ruining us.
https://www.createspace.com/3619184
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HUFFPOST SUPER USER
bllnsinchnge
peace, markets, freedom
03:07 AM on 07/17/2011
Speculation is a good thing, it helps ease the amount of turbulence by predicting it early. What is not imaginary is inflation, that is why stock prices are higher. The prices are measured in dollars.
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Raccoon1
These are the times that try men's souls........
09:48 AM on 07/17/2011
On the world market, 22 barrels of oil are traded for every one barrel consumed. This means that the oil changed ownership 21 times before it reached the consumer. Each of those 'owners' traded to make a profit. Consumers end up paying the bill.
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ronkw
Molon labe
06:44 PM on 07/16/2011
The market is setup for a fall, regardless of what happens to debt ceiling.
Take a look at the Advance/Decline ratio and Bullish%, they have been headed south for 3 months as the prices went higher..... that "never" ends well.
HUFFPOST COMMUNITY MODERATOR
themodernleader
06:34 PM on 07/16/2011
The sooner we default and face our perils and problems, the sooner we have any chance of recovery. Going deeper in debt to our creditors while plutocracy gains more power is shaking hands with the devil.
07:48 AM on 07/17/2011
Its just like addiction, where you have to fall into the abyss, experiencing things like delirium tremors and screaming demons, before you have any chance of climbing out of the hole. We are not going to experience progress in our economy until we experience the complete and utter degradation of our economy and acute and painful suffering by millions of people. No pain. No gain.
HUFFPOST SUPER USER
mc53
06:31 PM on 07/16/2011
I got out of the market two weeks ago. Way too much risk with the geniuses on the GOP holding the president hostage. Let's see how this plays out, I don't see much positive side in the markets for the rest of the year.
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HUFFPOST SUPER USER
rnorthro14
This micro-bio is just begging to be updated
06:39 PM on 07/16/2011
If they raise the debt ceiling, the market may bounce back. I heard one economist argue that raising the debt ceiling may encourage some companies to start using the piles of cash they are hoarding and start a hiring spree. This may be a bit too optimistic but obviously something has got to give or things will get bad - very bad for this country and the rest of the world economy.
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09:01 AM on 07/17/2011
Yeah, but then people will love Obama. The GOP can't have that. They'll burn the country to the ground before giving it up to progressives.
06:21 PM on 07/16/2011
Time to pay up rich people that have left over money to play stocks as well as the mega-corporations and investement firms...

Your turn to pay down the debt!
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HUFFPOST SUPER USER
RunningBecky
Runner, nurse, chess player
06:09 PM on 07/16/2011
It's interesting that while the market hasn't been strong lately, it does not seem to be rattled by the debt ceiling impass at all. Since the very rich, powerfull people who can manipulate the stock market also controls the GOP, it makes me think that behind closed doors, the Republicans have been given their marching orders. Do what you can to get the best deal possible and to save face, but one way or the other you MUST agree to raise the debt ceiling. I may be wrong but it almost seems to me the fix is in and the wall street big shots already know what's in store. There will be no default.
We'll see. Huggs Becky
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ronkw
Molon labe
06:47 PM on 07/16/2011
"Since the very rich, powerfull people who can manipulate the stock market also controls the GOP"

Do you think the rich are manipulating on a global scale as well? scary huh?
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HUFFPOST SUPER USER
Steve Rockett
12:35 AM on 07/17/2011
Once they start to sell, they will all sell in a panic.
05:52 PM on 07/16/2011
http://www.ritholtz.com/blog/2011/07/national-debt-ceiling-explained-in-one-graphic/

THIS is what our beloved political system has done to US.
05:46 PM on 07/16/2011
The market has been trading as though the politicans are bluffing. Now they are starting to reconsider.

If heavily invested, I would hedge with options.
05:38 PM on 07/16/2011
A deal will be reached, but not until the last minute. Somehow spending must be reduced. We cannot continue on this insane course of kicking the can down the road.
HUFFPOST SUPER USER
mc53
06:32 PM on 07/16/2011
You like the 8 years Bush was in office? Now its time for a Dem to step up and take the heat.
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HUFFPOST SUPER USER
Steve Rockett
12:36 AM on 07/17/2011
Go ahead and bet on that. I will not.
05:31 PM on 07/16/2011
I'd rather be debt free than live in bubble land. Stocks are overvalued anyways.

And why the THREATS???

Stock rallies benefit the uber rich most of all of course.
04:26 PM on 07/16/2011
Every person who has a pension or 401K or any kind of other exposure in the stock market should be writing their congressmen and women telling them to get off the damn dime and vote to raise the debt ceiling. I'm retired and need every penny I have invested. I lost $50,000 in 2008 when Bush and his buddies screwed us up and have never gotten it back. Unless the Republicans want to support the rest of us, they better get busy..otherwise, I'm sending all my bills each month to John Boehner, Mitch McConnell and Eric Cantor and I suggest everyone else do the same.
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HUFFPOST SUPER USER
rnorthro14
This micro-bio is just begging to be updated
06:43 PM on 07/16/2011
Not to mention people who rely on Social Security or have family members who rely on it or any other form of government payment.
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ronkw
Molon labe
06:59 PM on 07/16/2011
Your thought process and lack of knowledge make you part of the problem.
you obviously voted for Obama.

I'm not trying to be ugly, but your post really stood out.