Obama announces debt deal

[suityou01]

Linky

US President Barack Obama says Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default.

Congress has to approve the deal. Votes in both houses are expected on Monday.

The BBC's Jane O'Brien says the package is still likely to be a tough sell, with some Republicans and Democrats in the House of Representatives remaining opposed to different aspects.

So not out of the woods yet. Or perhaps we are until they next need to raise the debt ceiling.

Max Keiser said on RT yesterday that a raft of debt ratings downgrades were "already baked into the cake"

Max Keiser linky

[MrMark]

It's all made up money though, isn't it? Have ratings agencies started to "threaten" the US with downgrading yet?

[suityou01]

It's all made up money though, isn't it? Have ratings agencies started to "threaten" the US with downgrading yet?

Yes see last paragraph of the OP and the latter link.

HTH

[MarillionFan]

Yes see last paragraph of the OP and the latter link.

HTH

And this effects you how Mr Suityou?

[sasguru]

And this effects you how Mr Suityou?

It doesn't. Just makes him feel like he's playing with the big boys rather than being the unemployed bed-wetter he is.

[MarillionFan]

It doesn't. Just makes him feel like he's playing with the big boys rather than being the unemployed bed-wetter he is.

Harsh.

But fair.

[shaunbhoy]

It doesn't. Just makes him feel like he's playing with the big boys rather than being the unemployed bed-wetter he is.

Wait around long enough on any of these financial threads, and sooner or later, someone with a real handle on how it all dovetails together will show up and explain it all.



Still waiting on this particular one.

[DimPrawn]

Wait around long enough on any of these financial threads, and sooner or later, someone with a real handle on how it all dovetails together will show up and explain it all.



Still waiting on this particular one.

Sell your equities on the rally and buy gold on the dips.

US Stock Futures Higher On US Debt Deal Agreement; Gold Slides - WSJ.com

[suityou01]

And this effects you how Mr Suityou?

If America hits the buffers this affects us all Mr MarillionFan.

[MarillionFan]

Sell your equities on the rally and buy gold on the dips.

US Stock Futures Higher On US Debt Deal Agreement; Gold Slides - WSJ.com

Good advice Mr Gay Prawn. Look Boss. The plane. The plane.