MattStafford: GoodyearPimp: For a glimpse of the future, let's check in with Greece. Things are totally awesome there, right?If we keep our current borrow and spend policy as is, we will look like Greece once our bond yields go up a bit.
MattStafford: Why would our economy have to be stronger for bond yields to go up? In fact - that is the opposite of what would happen. Why would you demand higher rates from a stronger economy?
cameroncrazy1984: So those who currently hold a VAST majority of the debt aren't currently buying new debt? What's your evidence for that?
MattStafford: NateGrey: rlv.zcache.comSo was that a yes? Or a refusal to answer the question?
MattStafford: NateGrey: Is that what it is? You have trouble reading more than one line? You are a lost cause, I dont see why you need to lie about your education. From your writing it is very apparent. Back to ridiculing.Japan, with their 230% debt to GDP ratio, is going to be buying our treasuries in significant enough quantities to keep yields down?
Big Man On Campus: FlashHarry: once again:THERE WOULD BE NO SEQUESTER IF REPUBLICANS HADN'T HELD AMERICA'S CREDIT HOSTAGE IN THE SUMMER OF 2011.There would be no sequester if Obama had used his supermajority properly and forced a budget resolution in his first 2 years in office. But he couldn't be bothered to properly lead then so I don't expect him to now.
MattStafford: cameroncrazy1984: Please show us when that has happened in the history of ever.Greece?
MattStafford: cameroncrazy1984: Intragovernment debt holdings currently stand at about $4.6T. Out of a total of about $16TI'm sorry, you were saying something about the government buying all of our new debt?Did you somehow miss the word new? The fark is wrong with your reading comprehension? And I know they aren't buying all of our new debt, but the Federal Reserve is monetizing a significant portion of it.
cameroncrazy1984: MattStafford: China entering into agreements to bypass the dollar is evidenceNo, it isn't. You have yet to be able to provide evidence that they are entering these agreements "to bypass the dollar"
MattStafford: Tomahawk513: IF our bond yields go up. IF. Which means our economy would have to be stronger. Which means government revenue would grow, which means we should be able to stop borrowing and eventually pay down our debt, until this whole cycle repeats itself again. Relax dude.Why would our economy have to be stronger for bond yields to go up? In fact - that is the opposite of what would happen. Why would you demand higher rates from a stronger economy?
MattStafford: BeesNuts: How many years do you think it will take before "bond yields returned to their historical average"?I'll throw a month of TF on it if you're willing to nut up and actually make a prediction instead of this weak shiat. Over and over. With slightly different analogies attached.The market can stay rational longer than you can stay solvent, as they say. All I can tell you is where our actions are leading us, accurately predicting a time frame is far more difficult. I'd say it is similar to climate change science. Will you discount climate change science because people refuse to make predictions about when the change will happen, or after you look back on failed past predictions? I can tell you where our actions will lead us, similar to climate change scientists explaining where our actions will lead us - when is an entirely different matter.
verbaltoxin: lordjupiter: Yakk: I learned this weekend that the president played Golf with Tiger Woods so the problems are non-existent. These are the types on insights you can only gain from watching FoxNews.Kind of like years ago when they saw people in a shopping mall before Xmas, therefore "no recession".Or, "It snowed a lot, so no global warming."
MattStafford: lordjupiter: They can sometimes actually see long-term, even if it is just biological impulse.Funny coming from the "in the long run, we're all dead" side of the aisle.
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