The current issue today is the debt u.s. is having with a deadline of august 2, tim geithner proposing the united states to increase the debt ceiling to avoid default of u.s. debt but is prone for a debt downgrade.
If the senate did not raise the debt ceiling, a sharp decline is expected, its like a burning fire, and the senate has no other choice but to put logs to continue the flames but will hurt the rating of u.s. debt.
this world has been so babysitted that each and every country including the philippines increases its debt year by year until it looms, who are going to pay all of the entire debt of each and every country? i cant seem to find a country with no debt.
italy 2 yr note has increased again to 6% from 4% last month, and from 2.5% last 2009, are they the next greek who needs another bailout? my guess: its only one of the european country which is waiting to explode.
Thinking of europeAn debts, u.s. debt seems to be far from default, but it is uncertain to happen, we cant predict that sudden default, as u.s. debt is not as near to junk as what greek debt has.
my play. continue to buy on dips, assuming u.s. debt ceiling will be raised by aug 2
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