Wanna bet against me?

[luzribeiro.livejournal.com]

What are the odds that the Democrats and Republicans will turn out so insanely crazy as to plunge the world into another financial chaos*, this time generated in the US Congress rather than Wall Street? Wanna bet against me? There is just a day and a few hours remaining after all, and I'm betting on a "sudden" change of mind and a "glorious" compromise and - oh, surprise! - a deal being reached.

Wanna play?

* why I'm saying this. Not to sound overly sensationalist and apocalyptic, nah. But most analyses indicate that a US default would trigger a domino effect which would ultimately bring a crisis on the markets that would make the 2008/2010 crisis look like a minor kindergarten squabble, which is making some people quite nervous around the world. Just when you thought the US is no more able to send further ripples across the global lake...

(This post may need some update later. Tomorrow maybe. I have no intention to watch the grass grow on CSPAN).

[edit] So here's the update. Surprise-surprise! (Not!) Obama caved in and got the deal the GOP offered. Wow, I'm so shocked! Aren't you? ;)

Comments

[the-rukh.livejournal.com]

I predict they're going to come up with something, or at least something that puts off the problem until later. Defaulting isn't going to be good for anybody, even the nutcases like Bachmann who think it is. The tea party candidates are going to get marginalized a bit and the theater will continue in a few months. People will get tired of it, things will get more negative.

[caerfrli.livejournal.com]

Default would be good for Cantor who shorted Treasuries.

[the-rukh.livejournal.com]

He'd stand to make a couple 10 to 100 thousand, its not going to be worth it, even for him.