Fidelity.com -- Nov. 23, 2011
"Keep an eye on rating agencies' reactions. Expect more market volatility. 2013 is key.
Now that the Super Committee has failed to reach a deal to reduce the U.S. budget deficit by its November 23 deadline, the question on investors' minds is: What's next?
The debt limit will increase by $1.2 trillion next year, and a budget sequester will be triggered resulting in $1.2 trillion in spending cuts beginning in 2013 (unless modified by Congress). So what does this mean for the economy and the stock and bond markets?"
https://guidance.fidelity.com/viewpoint … il_monthly
by Ralph Deeds4 years ago
Here's a small idea for the Super Committee that's supposed to report on how to achieve a trillion dollar savings in the federal budget by November 23--stop paying pension costs of Defense and Energy Department...
by SparklingJewel5 years ago
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by lady_love1585 years ago
http://www.speaker.gov/blog/?postid=240654We need to cut trillions not billions and unless we do we should not raise the debt ceiling! Obama is spending 4 trillion dollars a year even though historically revenues don't...
by American View4 years ago
OK I give up. Armageddon is coming. President makes threats, talks down to Americans, Dems plan has fake cuts and they refuse to look at Repubs offers, Repubs balking at Dems offers saying no raising the taxes. No...
by Eugene Hardy4 years ago
14 Trillion Dollars.That is a lot of debt.If we were a house hold with a $15,000.00 debt that the house must pay, or face bankruptcy, then the house and all it’s members must work to together to do it.It will take...
by American View5 years ago
I cannot wait to hear the responses on this one. A day after Obama was threatening how he will not pay the armed services, not pay Social Security, not fund Medicare, and more. "we do not have the money to pay...
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