U.S. Can Avoid Default Until September: Silvia | Forex Factory

  • U.S. Can Avoid Default Until September: Silvia

    From bloomberg.com

    The U.S. government can avoid a default for at least a month after the Aug. 2 deadline to lift the debt ceiling set by the Treasury Department, said John Silvia, chief economist at Wells Fargo Securities LLC. “The Federal Reserve and the Treasury can work together to generate enough cash probably for the next two or three months to avoid any kind of automatic default on the Treasury debt,” Silvia, who is based in Charlotte, North Carolina, said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. “There’s a way of getting around this issue for at least another month or two.” ... (full story)

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realjumper
Jul 26, 2011 3:09am
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They ARE muppets georgeski.......they are nothing more than a bunch of children showing off who's got the best toy. Every now and then, one side spits the dummy out, collects all their toys and go home. Only to repeat the same thing the next day. What all this bickering will do is cause to happen the very thing they are 'trying' to avoid. Idiots!
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AaronWard
Jul 26, 2011 2:34am
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PLease Nooooooo! I would prefer default and disaster to having to listen to the debt ceiling talks for another month.
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georgeski
Jul 26, 2011 2:52am
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What is it with these people in Washington. When you have bills to pay you plan in advance. not when the bailiffs calling. We're talking the most powerful and richest country in the world and they are leaving it to the wire before they pay their electricity bill. All they are doing is making themselves look like fools in the eyes of the world. For once why can't they stop with the political games and forget the elections in 2012 and do something right for the people of the country they were elected to govern. Bunch of muppets. No that can't be right the Muppets would have done a better job.
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toptrader11
Jul 26, 2011 2:51am
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one way is they should find top forex traders and let them trade billion- trillion of dollars to trade. In a month they have trillion more dollar without printing. Problem solve
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jhonut
Jul 26, 2011 2:52am
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toptrader you think they don't do this??
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