The U.S. debt is denominated in dollars. If the U.S. Treasury cannot redeem the debt by using tax revenue or by issuing more debt then holders of U.S. debt will simply sell their securities to the Federal Reserve. Moreover, if investors don't want to lend to the U.S. government for some bizarre reason the Fed will be happy to step into the breech. The result in both cases would be quantitative easing on a scale never seen before. This would be incredibly bullish for U.S. and world stock markets, at least in its early stages.作者: not4weak 时间: 2011-7-15 11:58
回复 2#tfmegatron
Then that is equivalent to nullifying the dollar which they can't do.作者: tfmegatron 时间: 2011-7-15 12:10
本帖最后由 tfmegatron 于 2011-7-15 12:12 编辑
回复 tfmegatron
Then that is equivalent to nullifying the dollar which they can't do.
not4weak 发表于 2011-7-15 11:58
we shall see,,, i think after all uncertainties are cleared, the next bull run will be incredible, 1440 at least...作者: snowrider 时间: 2011-7-15 12:13
I am neutral at this moment.作者: wyemlyy 时间: 2011-7-15 12:32
Is it this weekend?作者: not4weak 时间: 2011-7-15 12:43
回复 4#tfmegatron
So? You wont make any money - dollar devalued 30%