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

[underlankers.livejournal.com]

That is what happens when we cannot raise the debt ceiling and run out of money. I realize that's a foreign concept to you because it implies the government existing means something, but alas.

[gunslnger.livejournal.com]

Not all government money, despite appearances, comes from borrowing. Thus, stopping the borrowing does not immediately result in a default.