If USA defaults, stock market collapses 30%, GDP down 5%

Discussion in 'Economics' started by Grandluxe, Jul 28, 2011.

  1. Random.Capital

    Random.Capital

    14th amendment is irrelevant. Recognizing the validity of a debt is not the same as committing to pay it back.
     
    #31     Jul 28, 2011
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  2. Kazak_Trader

    Kazak_Trader

    I think the dollar will go up -- perversely--if the USA defaults because whenever there is risk and uncertainty, investors like CHF, JPY, USD... it's funny: the US defaults and the dollar goes up... anyone remember Lehman collapsing and the dollar shooting up to $1.25 for 1 Euro? I wouldn't be surprized if this happend again.
     
    #32     Jul 28, 2011
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  3. macroman

    macroman

    +1

    i think there are other than econmic forces at work whether default or not.
     
    #33     Jul 28, 2011
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  4. darwin666

    darwin666

    +1

    we have incarcerated 2.2 million

    http://www.commondreams.org/headlines06/0608-05.htm


    gosh.. i wish we cud make peace with cuba and ship some overseas.. and reduce the 60 billion bill.. cuba wud gladly do it in 10-20% cost.. ha ha..
     
    #34     Jul 28, 2011
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