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U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?

 
Jane SmithModerator
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11/21/2011 07:45 AM

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U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
...The 12-member bipartisan supercommittee likely will announce today that it can’t reach agreement on deficit savings, according to a Democratic aide. The aide, who wasn’t authorized to discuss internal matters publicly and requested not to be identified, said in an e-mail that it was highly unlikely that the committee’s talks could be salvaged...


[link to www.bloomberg.com]


This committtee was little more than a delaying tactic to begin with. I never had much faith in their ability to reach a decision, let alone have the agreement pass Congree or the White House.

Wonder what "kick the can" tactic is queued next?

Last Edited by Lady Jane Smith on 11/21/2011 07:47 AM
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
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11/21/2011 07:48 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
All part of the game
Jane SmithModerator (OP)
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11/21/2011 07:50 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
The package has to be in the hands of the Congressional Budeget Office today, so it can be tabulated & scored in order to make the deadline of the 23rd.

I expect the market to start the plumment today followed soon by a Moody's downgrade sooner rather than later.

Both parties are to blame and I would not find it surprising if neither wanted this to succeed. Now both sides can point fingers during the campaigns going into November 2012.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Revbo™

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11/21/2011 08:00 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Morning, Jane. I still can't believe they won't find a way to push it a little further, but this does smell doomy.

Either way, 5 stars and a pin suggest.

popcorn
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Jane SmithModerator (OP)
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11/21/2011 08:10 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Morning, Jane. I still can't believe they won't find a way to push it a little further, but this does smell doomy.

Either way, 5 stars and a pin suggest.

popcorn
 Quoting: Revbo™


Thanks, Rev.

I have always questioned why a deadline the day before Thanksgiving? Perhaps it is orchestrated to have the most people possible distracted from their failure as possible. Also, nice long weekend where nobody can retrieve or shift their funds.

Turkey day is better even than Christmas as it includes everyone, Christmas allows those people who do not celebrate that holiday to be watching. Thanksgiving, they are all stuufed with heavy food, the guys are watching sports, the women are out shopping. Thge only ones paying any attention are the GLPrs.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Zero Point

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11/21/2011 08:14 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Morning, Jane. I still can't believe they won't find a way to push it a little further, but this does smell doomy.

Either way, 5 stars and a pin suggest.

popcorn
 Quoting: Revbo™


Thanks, Rev.

I have always questioned why a deadline the day before Thanksgiving? Perhaps it is orchestrated to have the most people possible distracted from their failure as possible. Also, nice long weekend where nobody can retrieve or shift their funds.

Turkey day is better even than Christmas as it includes everyone, Christmas allows those people who do not celebrate that holiday to be watching. Thanksgiving, they are all stuufed with heavy food, the guys are watching sports, the women are out shopping. Thge only ones paying any attention are the GLPrs.
 Quoting: Jane Smith


Interesting conspiracy theory Jane. I'm liking it.
5* thread.
Another public service announcement from the Southern Hemisphere Information Leveraging Locus.
Zero Point

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11/21/2011 08:15 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Pin?
Another public service announcement from the Southern Hemisphere Information Leveraging Locus.
stormer

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11/21/2011 08:18 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Q3 next violin
Emancipate yourselves from mental slavery - Bob Marley
Jane SmithModerator (OP)
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11/21/2011 08:24 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Pin Please?

Pin It Kitty
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
The Voice In Your Head

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11/21/2011 08:25 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Mornin' everybody.

This is indeed curious. After watching the charade last time, I can't help but feel that they'll pull out a card at the last minute so they can past themselves on the back and say "Look at us, we are heroes."

If indeed it does fail....uh...I'll be the guy speeding down the road to his FFL to get an AR. I'd expect the next dose of war to be right around the corner if they do not use the "hero card".

Gotta scoot out to work in a few more minutes...but the futures look sick to me.
I'm just a figment of your imagination ;-)
Anonymous Coward
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11/21/2011 08:26 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
It was set up to fail...why can't the entire congress do the job? It's why we elected them...

Commie/lefty/liberal/democratic plot...
Jane SmithModerator (OP)
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11/21/2011 08:26 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Morning, Jane. I still can't believe they won't find a way to push it a little further, but this does smell doomy.

Either way, 5 stars and a pin suggest.

popcorn
 Quoting: Revbo™


Thanks, Rev.

I have always questioned why a deadline the day before Thanksgiving? Perhaps it is orchestrated to have the most people possible distracted from their failure as possible. Also, nice long weekend where nobody can retrieve or shift their funds.

Turkey day is better even than Christmas as it includes everyone, Christmas allows those people who do not celebrate that holiday to be watching. Thanksgiving, they are all stuufed with heavy food, the guys are watching sports, the women are out shopping. Thge only ones paying any attention are the GLPrs.
 Quoting: Jane Smith


Interesting conspiracy theory Jane. I'm liking it.
5* thread.
 Quoting: Zero Point


How thay always do business. Drop bad news after the market close ... or better yet ... after the close of business before a long weekend.

The thing is, most people aho are watching this have their eye on the 23rd. They do not realize this must go to the Congressional Budget Office prior to the deadline to be checked for accuracy. I use the term accuracy lightly.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
The Voice In Your Head

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11/21/2011 08:27 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Oh yeah....

5 stars and pin suggested!
I'm just a figment of your imagination ;-)
Jane SmithModerator (OP)
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11/21/2011 08:28 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Mornin' everybody.

This is indeed curious. After watching the charade last time, I can't help but feel that they'll pull out a card at the last minute so they can past themselves on the back and say "Look at us, we are heroes."

If indeed it does fail....uh...I'll be the guy speeding down the road to his FFL to get an AR. I'd expect the next dose of war to be right around the corner if they do not use the "hero card".

Gotta scoot out to work in a few more minutes...but the futures look sick to me.
 Quoting: The Voice In Your Head


Have a great day! Yes, the futures are ugly & metals are way down. This is telling to me because metals & stocks will both fall in the real deal downdraft. When thos metals do plummet, try to buy some at the cheaper price because they will rebound as a safe have as the house of cards tumbles.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Nickadeemus

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11/21/2011 08:30 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Humble PIN suggestion Mods.

Morning Jane! Again, you've pretty much summed it up. Elected or un-elected, any "super-committee" that can use a pocket calculator, is always going to come to the same mathematical conclusion, ergo this was a stall tactic from the onset. Neglecting performer error, math does not lie. Pretty much...ever. Mathematically, no matter which way you turn it, we be F^&#ED.

5* for sniffin out BS Jane!

Nick®
:nickhugs:

Last Edited by Nickadeemus on 11/21/2011 08:31 AM
Pure Life; Get it on...
Jane SmithModerator (OP)
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11/21/2011 08:36 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Humble PIN suggestion Mods.

Morning Jane! Again, you've pretty much summed it up. Elected or un-elected, any "super-committee" that can use a pocket calculator, is always going to come to the same mathematical conclusion, ergo this was a stall tactic from the onset. Neglecting performer error, math does not lie. Pretty much...ever. Mathematically, no matter which way you turn it, we be F^&#ED.

5* for sniffin out BS Jane!

Nick®
:nickhugs:
 Quoting: Nickadeemus


Morning, Nick! The BS from Washinton smells more corrupt by the day.


Rose Coffee
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
G3
G3

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11/21/2011 08:37 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
All part of the game
 Quoting: Anonymous Coward 1317602


AGREED!

byekitty
Jane SmithModerator (OP)
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11/21/2011 08:41 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Gotta take my daughter to the Orthodontist. Be back soon.

hf
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
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11/21/2011 08:42 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
It was set up to fail...why can't the entire congress do the job? It's why we elected them...

Commie/lefty/liberal/democratic plot...
 Quoting: Anonymous Coward 1211208


Because the republicans don't want any cuts in defense/homeland security and don't want that the bush tax cuts get put back into place.

The liberals don't want to cut into government services without any concessions from republican side.

So in all it's just a general meltdown of politics on both sides. Kinda hard to blame it on a single party.
Mr. Toppit

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11/21/2011 08:45 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
All designed to get past the magical date of Jan 1, 2012

without doing a damn thing.
Nickadeemus

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11/21/2011 08:45 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Humble PIN suggestion Mods.

Morning Jane! Again, you've pretty much summed it up. Elected or un-elected, any "super-committee" that can use a pocket calculator, is always going to come to the same mathematical conclusion, ergo this was a stall tactic from the onset. Neglecting performer error, math does not lie. Pretty much...ever. Mathematically, no matter which way you turn it, we be F^&#ED.

5* for sniffin out BS Jane!

Nick®
:nickhugs:
 Quoting: Nickadeemus


Morning, Nick! The BS from Washinton smells more corrupt by the day.


Rose Coffee
 Quoting: Jane Smith


Maam, that's good coffee. Thank you kindly. chuckle yeah the BS smells so bad, folks in florida boood the first lady yesterday at a Nascar race. Even folks five states away can smell the evil. That's gotta hurt right; being boood by a race of being that would sooner crap in one of their socks than miss ten minutes of the race?

God Bless Nascar Fans...Inovative, loud, and proud.

Nick®
:Jane:
Pure Life; Get it on...
N34444

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11/21/2011 08:45 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
5 stars
Assets feed you, liabilities eat you.
MARTIAL LAW

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11/21/2011 08:46 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Mornin Jane, everyone.

It's mind-boggling to think all of this is somehow coincidence. There's just no way. The US debt bomb building- just hit 15 trillion- and now we have this 'super'committee made up of a bunch of incompetent fools who were guaranteed failures from the start when it came to reaching any kind of decisions = for sure credit rating downgrade.

China isn't getting much attention but they have a housing bubble that is about to pop that will dwarf the US crisis 3 years ago...and inflation is spiraling out of control.

Don't even need to mention the EU.

I don't usually throw dates around but I'm saying now we have a maximum of 6-8 weeks before all this explodes IMO.

They might be able to delay it until after the new year, but they won't get much farther. All of this is on purpose. Just waiting to see how much "order" they restore out of the next round of chaos.

Last Edited by MARTIAL LAW on 11/21/2011 08:47 AM
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
Anonymous Coward
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
5 stars op

Thread: THE STOCK MARKETS GOING TO CRASH THIS WEEK!!!!!!!!!!!!!!!!NOV=20-25
Mt.Mama
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11/21/2011 08:48 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Does anyone else think this "supercommitte" was made just to give the impression they are gonna fix everything but in reality it is all planned to really do nothing and let it everything crash on purpose? they all suck and care about nothing!
Nickadeemus

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11/21/2011 08:51 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Mornin Jane, everyone.

It's mind-boggling to think all of this is somehow coincidence. There's just no way. The US debt bomb building- just hit 15 trillion- and now we have this 'super'committee made up of a bunch of incompetent fools who were guaranteed failures from the start when it came to reaching any kind of decisions = for sure credit rating downgrade.

China isn't getting much attention but they have a housing bubble that is about to pop that will dwarf the US crisis 3 years ago...and inflation is spiraling out of control.

Don't even need to mention the EU.

I don't usually throw dates around but I'm saying now we have a maximum of 6-8 weeks before all this explodes IMO.

They might be able to delay it until after the new year, but they won't get much farther. All of this is on purpose. Just waiting to see how much "order" they restore out of the next round of chaos.
 Quoting: MARTIAL LAW



Agreed. Morning brother Martial. We don't have long. I admire your courage and like how you think. Predictions are for tards who like being wrong alot. You are wise in your asertions. We do NOT have long. Maybe the spring; and we lock up like a 10 year old's jaw after a tetanis jihad.

Nick®
cheers

Last Edited by Nickadeemus on 11/21/2011 08:52 AM
Pure Life; Get it on...
MARTIAL LAW

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11/21/2011 08:51 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Does anyone else think this "supercommitte" was made just to give the impression they are gonna fix everything but in reality it is all planned to really do nothing and let it everything crash on purpose? they all suck and care about nothing!
 Quoting: Mt.Mama 3425941


Yep that is exactly what I think.

I love how they gave it the name "super" committee...as if just giving it the name "super" means they will fix everything. What a joke.

Kind of like the Patriot Act.
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
WTF Paco

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11/21/2011 08:52 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Black Monday, Before Black Friday?
It's all about slim chances but a slim chance is better than none.
Anonymous Coward
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11/21/2011 08:53 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
[link to www.marketwatch.com]

WALL STREET POISED FOR BIG DROP
Carol B.

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11/21/2011 08:54 AM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
I don't think the announcement will be today...probably Wednesday. jmho
N34444

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11/21/2011 08:55 AM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Does anyone else think this "supercommitte" was made just to give the impression they are gonna fix everything but in reality it is all planned to really do nothing and let it everything crash on purpose? they all suck and care about nothing!
 Quoting: Mt.Mama 3425941


Yep that is exactly what I think.

I love how they gave it the name "super" committee...as if just giving it the name "super" means they will fix everything. What a joke.

Kind of like the Patriot Act.
 Quoting: MARTIAL LAW


Well, step back for a second and look at what they SAY they're trying to do...

They're not even proposing to cut spending. They're proposing to cut PROPOSED SPENDING - which we couldn't afford in the first place.

The whole thing is fantasy from the start. It's a shell game - a fraud. Even IF they agreed, it would amount to nothing more than INCREASED spending. They're not cutting SHIT!
Assets feed you, liabilities eat you.

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