Why Wall Street doesn't seem worried about default

Serrano - Plenty of correct work have to be done,to make things right.

Only very correct decisions by US leaders,will make economic excellence prevail.

Govt does not make jobs,but mastery and execution of excellent fiscal policies with no mistakes ,definitely is what is needed now..

The richest nation is still USA and talented US people.

Who created google,facebook,yahoo ,IMF,World Bank,UN ,Bill Gates,rock nroll music ,intel chips,youtube,twitter ,internet,Boeing,GE and many other things??

Improve the good in USA . Keep a close watch on causes of bad fiscal ways and find ways to turn around things.

The USA can still expand joint venture economics,in big way in all 200 over nations of world,with american DOW-NASDAQ products and services.

I certaonly hope Raja is right!

Yeah, and what happens when no one will lend "Goliath" any more money to pay the cannon-fodder?

Why would Goliath need to borrow more with all the debts wiped out?

In 1940s US economy had huge debts,but it recovered by 1970s. Same scenario now,US economy will get better by 2030s.

US has now more richer rest of world,to do export/import. US debts will get lower ,US exports and US source of income will get bigger gradually and it will cut down public debts.

By 2030s,things will be much better for US and Rest of world,in source of income matters and providence.

"So what?"

Ha ha ha, lol. I agree with Madverts. As long as the Democrats and the Republicans are around to bail them out, they just can't get worried about it. 　

@FDS: I solved the debt problem too, but I think that is a rather simplified view on how to get it done. All great ideas but whether or not they can or will be implemented remains to be seen. And with an election coming up, its political suicide for the Obama Administration to raise taxes.. but the only way to reduce the debt is to raise taxes combined with spending cuts. It will be a good day once the US can finally maintain its debt level and the interest payments

Once again, the US Fed Gov't spends funds bailing out businesses that relegate jobs to sweat shops (modern slavery). What a jip. How about stop blowing money on wars for profit? Oh, that's right, the profiteers are the guys Obama has to negotiate with. A racket, nothing more. Our tax dollars get blown on such bs.

Why would wall street be worried?

Like a rich kid that is constantly bailed out by the parents, they need more discipline to learn.

" We can take the money and run and no one could stop us."

Yeah, and what happens when no one will lend "Goliath" any more money to pay the cannon-fodder?

I think you're suggestion is a perfect example of the lack of cognisance in regards to the un-realistic borrowing of money.

I thought the reason would because the U.S. military is such a Goliath the rest of the world combined could not force the U.S. to pay. We can take the money and run and no one could stop us.

I share the same view with fds. This is just a political standoff between Obama vs Rep. All the have to do is to agree no default to US debts that takes only 5 minutes. I think next 72 hrs of negotiation will be very critical, in my opinion.

Go with green. You'll see it outside as you take a walk through a nearby park. It'll make ya feel better.

Thank you for your good suggestion.. I am living in green forest 24/7. .

@ Globalwatcher: "I am wasting my time on JT"

Not only that, you're also driving Japan's national power usage meter closer and closer to the dreaded 80% level where the color bar changes from green to red.

Go with green. You'll see it outside as you take a walk through a nearby park. It'll make ya feel better.

its all political grandstanding and special interests before an election year. they could fix it in 5 minutes if the really wanted to. i did. take a look at this nyt interactive http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html

opps...Scenario.

Your reasoning is missing. Thanks.

simple reason or no reason, its for the Fed to worry about default and Bernanke has said....refer to last thread of this section...so why would wallstreet worry? “In financial markets, you’re playing with people’s confidence,” he says. “If enough people start thinking it’s a catastrophe, it could become so.”

people? = professional hedge fund players/dealers and they won't create such a 'catastrophic' scenerio.

Do they all wear leisure suits?

Because low taxes create jobs. Because banksters need to be bailed out. Because there is too many people on welfare. Because Sadam had ties with Ossama the fish.

Ahhh...... I am wasting my time on JT.

Because low taxes create jobs. Because banksters need to be bailed out. Because there is too many people on welfare. Because Sadam had ties with Ossama the fish.

Because Bernanke is there, FED is there...!

?????

Would you please explain further what you have meant by that, pal? Your reasoning is missing. Thanks.

Do they all wear leisure suits?

Because Bernanke is there, FED is there...!