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Geithner-U.S. Treasuries still safe after downgrade (Administration in complete denial)
reuters ^
| 8/7/2011
| reuters
Posted on 08/07/2011 5:17:05 PM PDT by tobyhill
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To: Norm Lenhart
What struck me watching that on stream was his complete ability to lie so thoroughly. There was not an iota of shame or remorse there.It strikes me that Obama and everyone around him is like that. Sociopaths.
21
posted on
08/07/2011 5:36:51 PM PDT
by
FlyVet
To: tobyhill
Hey - the debt is safe. FED Reserve can buy every nickel’s worth of the debt, and can continue to buy all the debt 0bama needs so that he can then buy all the votes he wants. No problem for at least 15 more months until the election. After the election, then Katy bar the door for a full-on government take over of everything.
“King Barry I”
22
posted on
08/07/2011 5:39:05 PM PDT
by
tpmintx
(The problems we face today are there today because the people who work for a living are outnumbered.)
To: tobyhill
Still no comment from Great Leader? This is sop - Great Leader is insulated from any major developments. He will soon give a speech about something. He still gives good speech.
23
posted on
08/07/2011 5:39:27 PM PDT
by
AD from SpringBay
(We deserve the government we allow.)
To: tobyhill
I seriously believe Obama wanted the downgrade to occur.
This is one of the things he wanted to do to damage the country economically.
24
posted on
08/07/2011 5:41:34 PM PDT
by
Secret Agent Man
(I'd like to tell you, but then I'd have to kill you.)
To: tobyhill
What Timmy should have said is that the debt is an unsafe as it was before the downgrade.
25
posted on
08/07/2011 5:43:09 PM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
To: dajeeps; Cringing Negativism Network; NoLibZone; upchuck
"Geithner-U.S. Treasuries still safe after downgrade" HEAD FOR THE EXITS!
26
posted on
08/07/2011 5:43:53 PM PDT
by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: tobyhill
Hey, they are safe! The Fed will keep buying them to keep the light on for you!
27
posted on
08/07/2011 5:44:23 PM PDT
by
familyop
("Dry land is not just our destination, it is our destiny!" --Deacon character, "Waterworld")
To: InterceptPoint
Ole Timmy is wearing rose-colored glasses. It only is going to get worse from here as no one wants to buy our debt.
28
posted on
08/07/2011 5:44:49 PM PDT
by
tobyhill
(Real Spending Cuts Don't Require Increasing The Debt)
To: tobyhill
And still nobody. Not one person. Either side of the aisle.
Speaks of our gaping trade deficit.
Bring back Donald Trump!
29
posted on
08/07/2011 5:46:21 PM PDT
by
Cringing Negativism Network
(We are not tea partiers ... we are good tea partiers. Life-long tea partiers)
To: tobyhill
debate is damaging? Thta is what this country was founded on. No - debate is fine. $1.5T annual deficits and an unwillingness to even slow down entitlement spending is what is damaging. Yet there isn’t even one Congressman calling for his resignation. Pathetic.
To: familyop
I’m about ready to start melting.
31
posted on
08/07/2011 5:48:47 PM PDT
by
tobyhill
(Real Spending Cuts Don't Require Increasing The Debt)
To: WellyP
Geithner was the one who said...no problem...Just raise the ceiling....Obama needs him to kick around...He can’t leave!!
To: tobyhill
It only is going to get worse from here as no one wants to buy our debt.
+++++++++
In the long run you are right. But I’m talking about the short run. If I’m reading the charts correctly it looks to me like interest rates on U.S. Debt are falling not rising as you might expect. U.S.Treasuries are, amazingly, still the safe haven.
To: tobyhill
Geithner may be right for once, EUrope is even more screwed up than the USA.
To: tobyhill
He added that a double-dip recession was unlikely if governments and central banks made good decisions. Remember this is from the guy who couldn't figure out his taxes so he just didn't pay them.
35
posted on
08/07/2011 6:00:19 PM PDT
by
clove
(God, Family and Country, the truth will live!)
To: tobyhill
he has more work to do! :-(
To: tobyhill
37
posted on
08/07/2011 6:04:39 PM PDT
by
expatguy
(The Expat Needs Beer Money - Cough Up!)
To: tobyhill
Treasuries:
1 yr - OK
3 yr -- ?
10 yr - shaky, at best
30 year? LOL
38
posted on
08/07/2011 6:07:19 PM PDT
by
Paladin2
To: Mike Darancette
Welcome to the world of the Yen.
39
posted on
08/07/2011 6:10:35 PM PDT
by
tobyhill
(Real Spending Cuts Don't Require Increasing The Debt)
To: InterceptPoint
Geithner is just trying to mitigate the damage that's right around the corner.
The only hope that Obama has is if he's successful.
Remember, Obama is the first and only President to not only have a downgrade on his watch but have the downgrade because of his policies.
40
posted on
08/07/2011 6:17:29 PM PDT
by
tobyhill
(Real Spending Cuts Don't Require Increasing The Debt)
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