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How worried is main street of the US mess?

annatimone Veröffentlicht 16 Oct. in #Miss Dukascopy 2013 #USD #Forex #Economy #Us Dollar #Ud Debt #Senate

A PEW survey out the yesterday shows that 57% (up from 48% of respondents) are very concerned over the economic impact of the shutdown and 51% believe that raising the debt ceiling by tomorrow is “absolutely essential”. 36% think there’s no problem with going passed the deadline.
The shift of blame has seen the Republicans come ut on top with 46% laying the blame at their door, up from 38% prior. Obama is only 37% at fault up from 30%.
As far as deadline goes 52% believe the ceiling issue will b…

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Fitch decision to put United States rating down

annatimone Veröffentlicht 15 Oct. in #Miss Dukascopy 2013 #USD #Gdp #Economy #Fitch #Ud Debt #Ud Dollar #Rating #Treasury

Fitch Places United States’ ‘AAA’ on Rating Watch Negative

Fitch Ratings-New York/London-15 October 2013: Fitch Ratings has placed the United States of America’s (U.S.) ‘AAA’ Long-term foreign and local currency Issuer Default Ratings (IDRs) on Rating Watch Negative (RWN). The ratings of all outstanding U.S.sovereign debt securities have also been placed on RWN, as has the U.S. Short-term foreign currency rating of ‘F1+’. The Outlook on the Long-term ratings was previously Negative. The U.S. Co…

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Is payment prioritization is technically possible?

annatimone Veröffentlicht 11 Oct. in #Miss Dukascopy 2013 #USD #Obama #Ud Debt #Ud Dollar #Us Government #Default

The 14th Amendment of the US Constitution would allow President Obama to unilaterally raise the debt ceiling. However, White House advisor Gene Sperling on Rtrs.
“Invoking 14th amendment would work only if global markets did not see extended legal battle”
I can’t see that happening. They’re still raising the issue of prioritization so it seems like it’s firmly on the table. It sounds like they’re opening the door a bit here. Then again the chance of a legal fight is virtually 100%, so…

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US may vote on debt limit bill on Friday

annatimone Veröffentlicht 25 Sep. in #Miss Dukascopy 2013 #USD #Ud Debt #Jack Lew

Following on from US treasury sec, Jack Lew's warning earlier, a vote could come as early as Friday. Jack Lew said that the administrations latest estimates is that the US will exhaust borrowing capacity no later than October 17.

US will only have about $30bn in cash at hand when capacity reached
Net expenditures on certain days can be as high as $60bn
Any plans to prioritise government payments over others is simply default by any other name

…

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How worried is main street of the US mess?

Fitch decision to put United States rating down

Is payment prioritization is technically possible?

US may vote on debt limit bill on Friday

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