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To: Steelfish
Meanwhile, not raising the debt ceiling is fraught with risks, not the least of which is creating greater uncertainty in financial markets in an already fragile recovery. Even prolonging raising the ceiling is potentially hazardous before a default happens, as investors take preventive actions that could distort the money markets.

This is so stunningly and so precisely wrong.

Kathleen, dear.

I suspect that you don't actually "know" much about those "financial market" thingies, do you? And you really know even less about the "motivations" of investors, you know, for real-zies.

What you write with such blithe ignorance could be part of the script if there were a remake of "Clueless".

.

3 posted on 07/08/2011 11:08:57 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Seaplaner; All
Meanwhile, not raising the debt ceiling is fraught with risks, not the least of which is creating greater uncertainty in financial markets in an already fragile recovery.

I don't give it much thought but when I see this talking point, one thing that puzzles me is this: wouldn't the financial markets be pleased America has decided to stop going deeper in debt and instead onto a path to get its fiscal house in order?

No doubt the ceiling will be raised but I think the markets are more interested in the sanity (or lack thereof) in the total deal. Is it on the whole more endless spending or is it serious like $3 in cuts per $1 in debt?

It's funny what she says with, "Even prolonging raising the ceiling is potentially hazardous before a default happens, as investors take preventive actions that could distort the money markets," since this is the third financial Armageddon "date" we've had this year. If what she says is so, those investors would've already taken actions distorting the money markets and she would have evidence of it to point at making her case.

16 posted on 07/09/2011 1:18:46 AM PDT by newzjunkey
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