Tag: debt ceilingSort
Open Fort Knox! The Ink at the Money Printing Press Is Dry
Policy wonks are debating whether a $1 trillion platinum coin would be a clever or insane way for President Obama to play hardball with Republicans in the upcoming debt limit battle.
Here's what you should know about this crazy-sounding idea:
1. A legal loophole gives the Treasury Secretary apparently unlimited authority to mint platinum coins.
(TLT) Global Macro Notes: Long Bonds Cheering The Tea Party (and Deflation)
Stock Market Analysis Video: If Vote Does Not Pass...Crash
Ending a perilous stalemate, President Barack Obama and congressional leaders announced a historic agreement Sunday night on emergency legislation to avert the nation's first-ever financial default.
The dramatic resolution lifted a cloud that had threatened the still-fragile economic recovery at home -- and it instantly powered a rise in financial markets overseas.
Turning Stock Market Fear Into Money With Debt Crisis
Over the past seven trading sessions we have seen stocks plummet in price because of the debt issues in the United States. I think a lot of individuals including myself thought that a bill would have been passed last week and with a plan underway money would flow back into stocks for a relief bounce at minimum.