how long is this nonsense in America expected to last? anyone know

Loughton_Monkey

dryhat wrote: »

If this post is anything to go by then, despite having "researched all about it", you obviously know nothing about Bitcoin.

You will noticed that I have thanked your post.

I truly take that as a complement. Thankyou.

Loughton_Monkey

dryhat wrote: »

.....Let's not misinform people just for the sake of scoring points.

Why spoil the fun?

If those are the new rules of this forum, then "I'm out".

lvader

I guess something had to take over as the latest fad once silver prices crashed.

Generali

In addition to my earlier post, while the US can't make the 11/15 payments, apparently the first point at which it has to choose between welfare checks and making T-Bill payments is 10/31. The trouble may be that the US Treasury simply can't make that choice.

AIUI, the Treasury has 3 payment systems: one pay the Millitary, one pays coupons and principle on debt and one pays everything else. The everything else system is, apparently, either on or off; there is no provision for payments being prioritized. 10/31 then is the day, if the above is correct, when the US needs to decide whether Granny can keep the heating on or if they are going to default for the first time since the late 70s.

michaels

The markets seem so relaxed - presumably as we get closer to the deadline volatility will mean there will be money to be made by the brave...although whether that money will be off much use come the 1st November is less certain.

Generali

michaels wrote: »

The markets seem so relaxed - presumably as we get closer to the deadline volatility will mean there will be money to be made by the brave...although whether that money will be off much use come the 1st November is less certain.

Italian T-Bill rates hit 8.5% during their really bad patch a couple of years back. If rates hit that you can make some big money.

The alternative is simply to buy an CFD of something called VIX which is a measure of US equity volitility. I think there's a 2x leveraged ETF too if you are really brave/stupid.

Generali

BTW, VIX contracts (ETF, CFDs, ELNs etc) are all very short term bets on volatility. You shouldn't be holding an open position for more than a day or 2 and really they are meant to be traded intra-day. The reason? There's a very large time value embedded in them and that will decay quickly meaning a big drag on performance.

michaels

Whenever I think try to think about vol trades I always have to visualise one of those panty liners with wings

Graham_Devon

Looks like they have kicked the can a bit further.

Debt ceiling to be extended for 6 weeks.

All this happened last year too, however, the government wasn't in partial shut down at the time.

The_White_Horse

what is the point of this debt ceiling - it will forever be raised and in 100 years their debt will be 300 billion trillion or whatever. it's utter pointless.