World economy talk

[uls]

HSBC China PMI for Sept 50.2 expected 51.2

[uls]

good morning Italy

[uls]

White House budget office directs federal agencies to shut down, lacking funding from Congress. - *AP

Director of Office of Management and Budget orders federal agencies to implement shutdown plans

#governmentshutdown

[Monseratto]

October 16 default coming...

[uls]

yup debt ceiling next

if they don't raise the debt ceiling the US will default

the cost of protecting against default has already risen

[uls]

dollar index

[niky]

October 16 default coming...

Yeah. Tea Party is gonna **** over the world just to prove a ****ing point.

[uls]

today is all about the yen

[safeorigin]

Yeah. Tea Party is gonna **** over the world just to prove a ****ing point.

Obamacare is even more likely cause harsher long term problems. Full time employees will have to work part time because their employers couldn't afford the costs attributed to Obamacare. Healthcare costs will rise up to cover people who aren't enrolled to healthcare plan. Some healthcare providers, on the other hand, are quitting because they can't realistically comply with the paperwork and rules. As a consequence, people who used to be able to afford healthcare can no longer afford to pay. Even if Obamacare gets everyone in a "healthcare" on paper, the law will not magically sprout doctors to keep up with the demand.

[uls]

boom!



Italy PM Letta wins vote of confidence

ECB rate decision no change

[uls]

re USG shutdown

it's not gonna be a few days only

it's gonna drag into mid-October

Republicans are gonna use the debt ceiling as leverage

[uls]

USG to hit debt ceiling on Oct 17

if the ceiling isnt raised the USG will default

the market is already worried

yields are rising on T-bills that will mature around that time

[uls]

[uls]

1-month t-bill yield

[uls]

dollar index falls below 80

[uls]

USG to hit debt ceiling on Oct 17

if the ceiling isnt raised the USG will default

the market is already worried

yields are rising on T-bills that will mature around that time

1-month t-bill yield

mainstream media catches up

Short-term US debt under pressure on default fears

U.S. short-term debt came under heavy pressure on Thursday as borrowing costs reached an 11-month high, and one analyst believes that investors should be warned that this volatility could spread into other assets markets.

"Take a look at the very short end of the U.S. Treasury curve and you see panic," Kathleen Brooks, a research director at Forex.com said in a research note on Thursday afternoon.

"The prospect of a default in the world's richest economy may sound preposterous, but investors are starting to price in the unexpected. It is worth keeping an eye on the very short end of the Treasury curve, as further nervousness here could spill into other markets."

[uls]

first Friday of the month is US jobs report but due to USG shutdown there will be no jobs report tonight

[uls]

Twitter is going public

their stock ticker will be TWTR

there's a bankrupt company called Tweeter Home Entertainmment

their stock ticker is TWTRQ

this happened last night

BOOM!



people thought TWTRQ was twitter

haha

[[archie]]

^^^ gulat siguro mayari niyan. Sabay sell sell sell. Haha

Di ba pati tweeter lubog sa utang ngayon? Paano kaya ipo nila niyan, pang bayad utang muna kaya?

[uls]

Twitter has been operating at a loss ever since

but they are not burning borrowed money

Twitter is burning investor money