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UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!

 
Luisport (OP)

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10/16/2013 09:10 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Business Insider ‏@businessinsider 12 min
The Absurdity Of The Debt Ceiling Explained In 4 Sentences [link to read.bi]
recollector

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10/16/2013 09:10 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
ETA?
 Quoting: Face Palmer


Even if we miss the October 17 debt ceiling, it won't be the end of the world.

Many economists have repeatedly warned that any default would come at the end of the month at the earliest.

To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying.

This understanding may explain why the markets continue to be so calm.


Read more: [link to www.businessinsider.com]
 Quoting: Luisport


30 billion , that's like two days isn't it. We spend like madmen
 Quoting: shadasonic


I just read in german news that it's not a single day!
60 billion a day!
 Quoting: Ger_reG



It is 10 billion / day. 5 billion from taxes and 5 billion borrowed.

30 billions will last 3 days. Another 15 billion (taxes collected in 3 days) will be enough for 1 day and a half. Some 7 billion are collected from taxes in that 1 and a half day.

In total, the USA can pay all of their obligations for 5 days.

Last Edited by recollector on 10/16/2013 09:15 AM
recollector
Luisport (OP)

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10/16/2013 09:12 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
zerohedge ‏@zerohedge 4 min
SENATE NEGOTIATORS MAY FINISH DEBT AGREEMENT TODAY, AIDE SAYS. The "Aide" soundbite catalysts resume
Luisport (OP)

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10/16/2013 09:12 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
zerohedge ‏@zerohedge 50 s
Yields on 4-Week auctions coming into today [link to www.zerohedge.com] …
Luisport (OP)

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10/16/2013 09:18 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
U.S. 10yr /quotes/zigman/15866666 2.74 +0.01 0.23%
Anonymous Coward
User ID: 19873584
Korea, Republic of
10/16/2013 09:19 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
ETA?
 Quoting: Face Palmer


Even if we miss the October 17 debt ceiling, it won't be the end of the world.

Many economists have repeatedly warned that any default would come at the end of the month at the earliest.

To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying.

This understanding may explain why the markets continue to be so calm.


Read more: [link to www.businessinsider.com]
 Quoting: Luisport


30 billion , that's like two days isn't it. We spend like madmen
 Quoting: shadasonic


I just read in german news that it's not a single day!
60 billion a day!
 Quoting: Ger_reG


not a sungle day ,on 17th gov have to pay $60B
...
Luisport (OP)

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Portugal
10/16/2013 09:20 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
DJIA F /quotes/zigman/13101801 15,194.00 +100 0.66%
S&P F /quotes/zigman/20258900 1,703.00 +11 0.65%
Anonymous Coward
User ID: 48434426
United States
10/16/2013 09:22 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Gregor Peter ‏@L0gg0l 12 min
U.S one year CDS hit 75 bp, highest since July 2011

 Quoting: Luisport


What is CDS and bp?
Luisport (OP)

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10/16/2013 09:22 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
U.S. 10yr /quotes/zigman/15866666 2.74 +0.01 0.23%
 Quoting: Luisport


U.S. 10yr /quotes/zigman/15866666 2.75 +0.02 0.60%
recollector

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Romania
10/16/2013 09:23 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
...


Even if we miss the October 17 debt ceiling, it won't be the end of the world.

Many economists have repeatedly warned that any default would come at the end of the month at the earliest.

To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying.

This understanding may explain why the markets continue to be so calm.


Read more: [link to www.businessinsider.com]
 Quoting: Luisport


30 billion , that's like two days isn't it. We spend like madmen
 Quoting: shadasonic


I just read in german news that it's not a single day!
60 billion a day!
 Quoting: Ger_reG


not a sungle day ,on 17th gov have to pay $60B
...
 Quoting: Anonymous Coward 19873584


Yep, it is just that day.
recollector
Anonymous Coward
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United States
10/16/2013 09:24 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Anyone still doubting whether markets are rigged should watch at POG and stocks hours before the USA may default.
 Quoting: Face Palmer


What's POG?
recollector

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10/16/2013 09:24 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Gregor Peter ‏@L0gg0l 12 min
U.S one year CDS hit 75 bp, highest since July 2011

 Quoting: Luisport


What is CDS and bp?
 Quoting: Anonymous Coward 48434426



A bp it's a basic point.1% out of 100%, or 1 out of 100, if you are happier with a simpler explanation.. A CDS (Credit Default Swap) is a bit more complicated to explain, you should google it.

Last Edited by recollector on 10/16/2013 09:25 AM
recollector
Luisport (OP)

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10/16/2013 09:27 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Gregor Peter ‏@L0gg0l 12 min
U.S one year CDS hit 75 bp, highest since July 2011

 Quoting: Luisport


What is CDS and bp?
 Quoting: Anonymous Coward 48434426



A bp it's a basic point.1% out of 100%, or 1 out of 100, if you are happier with a simpler explanation.. A CDS (Credit Default Swap) is a bit more complicated to explain, you should google it.
 Quoting: recollector


hf
Judethz
Israel is Eternal

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10/16/2013 09:29 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
ETA?
 Quoting: Face Palmer


cool2
 Quoting: Luisport


Means "Expected Time of Arrival". When is the debt ceiling being hit in CET?
 Quoting: Face Palmer


i don't know... tounge
 Quoting: Luisport


kitty Well bloody well find out then, I clicked on this thread because I wanted that information.
lux
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10/16/2013 09:31 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Think ppl. It wasn't when Enron and Lehman went bust. It happens before when trust is lost. Default isn't a big deal as far as $$$. It'll be the downgrade that kicks off the global panic. S&p 666 again?
Luisport (OP)

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10/16/2013 09:31 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
...


cool2
 Quoting: Luisport


Means "Expected Time of Arrival". When is the debt ceiling being hit in CET?
 Quoting: Face Palmer


i don't know... tounge
 Quoting: Luisport


kitty Well bloody well find out then, I clicked on this thread because I wanted that information.
 Quoting: Judethz


cool2 well i think it's on midnight today... 00h00
Limpan

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Sweden
10/16/2013 09:31 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
zerohedge ‏@zerohedge 4 min
SENATE NEGOTIATORS MAY FINISH DEBT AGREEMENT TODAY, AIDE SAYS. The "Aide" soundbite catalysts resume
 Quoting: Luisport


I told you guys!!!!

ohyeah
Luisport (OP)

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10/16/2013 09:32 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
POLITICO ‏@politico 12 s
House mulls voting first on Senate plan: [link to politi.co] #debtceiling
Luisport (OP)

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10/16/2013 09:36 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Gregor Peter ‏@L0gg0l 26 s
HOUSE REPUBLICANS TO GO FIRST WITH VOTE ON SENATE PLAN (via @JakeSherman )
whiteangel

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10/16/2013 09:42 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
5* and a hugs
"If voting made a difference they wouldn't let us do it" -Mark Twain
God is NOT dead!
Thread: Being Prepared - Updated Basic Food List On Page One
Judethz
Israel is Eternal

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10/16/2013 09:43 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
cool2 well i think it's on midnight today... 00h00
 Quoting: Luisport


kitty Thank you, that's 5;00 am our time. hf

And 5*****

Last Edited by Judethz on 10/16/2013 09:44 AM
Luisport (OP)

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10/16/2013 09:44 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Live Squawk ‏@livesquawk 3 min
Senate Leaders In Talks With House Leaders On Ways To Win Fast Passage Of Fiscal Deal In Both Chambers - Senior Senate Aide
Luisport (OP)

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10/16/2013 09:45 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Russian Market ‏@russian_market 1 min
Gold is dropping on rumors #dealON
Anonymous Coward
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10/16/2013 09:45 AM
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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
I'm guessing that means they will pass it...if they had intentions towards standing their ground they wouldn't even bring to the floor. They are caving.
Luisport (OP)

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10/16/2013 09:46 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Russian Market ‏@russian_market 40 s
Rick Santelli is wearing a very bad tie today. Bad omen.
tounge


Russian Market ‏@russian_market 1 min
U.S. SENATE NEGOTIATORS 'VERY CLOSE' TO ANNOUNCING DEAL

- Yes, they are standing very close to the microphone.
Luisport (OP)

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10/16/2013 09:46 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Burgess Everett ‏@burgessev 9 min
House GOP mulls putting Reid-McConnell deal on House floor first to expedite package w @jakesherman @mkraju [link to www.politico.com] …
Luisport (OP)

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10/16/2013 09:49 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
zerohedge ‏@zerohedge 1 min
House May Vote On Senate Bill First To Expedite Debt Ceiling Resolution [link to www.zerohedge.com]


zerohedge ‏@zerohedge 2 min
@MDalmore Weak FICC is certainly puking credit losses when banks pass through MTM losses through the P&L
Mr. Toppit

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10/16/2013 09:53 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
The power still lies in the House. No Obamascam. The US debt should have been downgraded to junk in 2008.

Someone has to say NO to the welfare king Obama.
Luisport (OP)

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10/16/2013 09:53 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
zerohedge ‏@zerohedge 36 s
Boehner Caves: Said To Agree To Senate Plan [link to www.zerohedge.com]
Luisport (OP)

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10/16/2013 09:55 AM

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Re: UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!!
Business Insider ‏@businessinsider 5 min
RT @robertcostaNRO: Per Sen sources, Boehner has agreed to take up the Senate's plan and allow it to pass with Dem votes.

News








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