Monday, August 1, 2011

US To Vote on Debt Deal Hours Before Going into Default

The vote is due anytime now. But the intriguing possibility of Uncle Sam defaulting has eroded, albeit slightly, the safe haven status of American T-bills.

Make sure to check the interesting interactive graphic of the New York Times to find out how US debt progressed under different administrations. The Economist summed it as essentially the product of two tax-cuts, two wars and one stimulus package.
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8 comments:

  1. akagugo02 August, 2011 15:34

    Deal done.

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  2. akagugo02 August, 2011 16:58

    In layman's language: What it is and why we should care about it.

    So, on another plane, are our local GLD's going to lament louder than the silent Swiss on their strengthening franc?

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  3. Sanjay Jagatsingh04 August, 2011 14:30

    Pa tann zot tro tro la. Kav freser inn kas zot radio pekin.

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  4. akagugo25 August, 2011 16:16

    Malgré freserr ek lapli liverr, bann tang pé coumans sorti dépi ki zo'nn gagn loderr Xavier dan MoFED: Jean-Noël pé swété «que la roupie ne va pas s’apprécier davantage» ek li mem content ki «une baisse de l’investissement direct étranger pourrait nous permettre de maintenir le taux de changes à un niveau plus acceptable». Louis enkor pé flatt flat-tax: «On a pu harmoniser le taux fiscal à 15 % et cela a très bien marché. Cela a permis d’harmoniser l’investissement tout en favorisant la croissance».
    Bein zott touldé ti bizin al l'égliz confessé ki zott pé ferr exactéman lé-contrerr dé séki père Henri Arthé ti pé dénoncé dans ça la-mess la: «les agissements des groupes de pression qui veulent agir à la place du gouvernement».

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  5. Sanjay Jagatsingh26 August, 2011 14:55

    Loderr Xaxa la finn donn zot kuraz kumh-ha la hein?

    Zenwel e kompagni ena zis enn buton lor zot remote: depresyer rupi.

    Lwi pa tande ki li pe koze mo kwar. Ale, mo seye get enn ti kut ki mo kahv fer pu uver lizye... tang

    Nek saem ena: tu kalite grup de presyon (enn pake ladan relizie). Pa bliye priye bondye pu ki nu bann politisyen pran bann desizyon ki oblize pran pu reform elektoral. Fer sa ler fini dimann bondye fer lapli tombe...
    Amen.

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  6. Sanjay Jagatsingh30 September, 2013 17:14

    Tic-tac-tic-tac: pa res buku letan avan guvernman US kumans ferme tamporerman.

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  7. akagugo11 August, 2014 14:57

    And 9 months later, could it have been otherwise...?

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  8. Sanjay Jagatsingh11 August, 2014 17:58

    For how long has our parliament been closed again?

    ReplyDelete