Let the shutdown begin - Page 4

**Reincarnate** · 10-1-2013, 08:09 AM

edit: sounded too arrogant, removing stuff

anyway:

lito you need to stop >:[

don't spread misinformation

Choofers · 10-1-2013, 08:14 AM

grok wall street grad

grok think lito need stop, not know much about money

grok think rubix good

Litodude · 10-1-2013, 08:16 AM

o
my b for coming off harsh but it makes sense to become informed about a topic before discussion right? like reading ahead in a chapterfor class in uni

**Reincarnate** · 10-1-2013, 08:20 AM

Quote:

Originally Posted by Litodude

o
my b for coming off harsh but it makes sense to become informed about a topic before discussion right? like reading ahead in a chapterfor class in uni

yeah but when you say stuff like

Quote:

Originally Posted by Litodude

no that's exactly how the market works, ur right, one of the few reasons why i'm up right now is to dip into the market and buy stocks cheep as shit once it opens. if u can predict the future then u can short everything/buy errthing before/after the market crashes.

it's a little bit of a contradiction to what you're saying, and it confuses people who don't know any better

what's going on right now is nothing more than political theater. the markets aren't getting nailed by this or anything. the markets *CAN* if stuff drags on too long and shit hits the fan, but it's a low-probability event.

**rushyrulz** · 10-1-2013, 08:20 AM

Quote:

Originally Posted by Litodude

finance should be a mandatory class in high school

it was in my HS.

**Pseudo Enigma** · 10-1-2013, 08:27 AM

Quote:

Originally Posted by Reincarnate

what's going on right now is nothing more than political theater. the markets aren't getting nailed by this or anything. the markets *CAN* if stuff drags on too long and shit hits the fan, but it's a low-probability event.

Oct.17 2 weeks remain amirite?

**Reincarnate** · 10-1-2013, 09:16 AM

Quote:

Originally Posted by Pseudo Enigma

Oct.17 2 weeks remain amirite?

this is basically the date when the treasury runs out of money

people not getting paid sucks, but it's not going to tank our economy or anything. now, not raising the debt ceiling and defaulting on our previously-allocated obligations... that's something you don't really want to fuck around with. we've come close in the past (timewise), but it's pretty much taking the country hostage financially, which IMO should be fucking illegal. every time stuff like this happens, re-elections should auto-trigger. using the economy as a bargaining chip is utterly ridiculous.

and not to attack lito but what he was saying earlier is what you DON'T want to get in the habit of doing, which is "market timing." it's basically what most people think of when they think of stock markets unfortunately: Buy when shit hits the fan, sell it off to make a quick buck. but this requires you to know in advance when to get in and out.

the markets are generally pretty good at pricing things fairly nowadays (and mind you that the price *already takes into account future expectation*, a big point people seem to gloss over) and odds are you aren't going to do better on average. if something is "obvious," it's already priced in. if it's not obvious, you're running blind.

otherwise people attribute to intentional decision-making what is actually attributable to variance and looking at too small a timespan -- which hurts you in the long run if you plan to extrapolate that strategy. look instead to invest for the long term.

**Kekeb** · 10-1-2013, 09:26 AM

All of this news feels really grimy to me. This is basically extortion right?

DotKritic · 10-1-2013, 09:26 AM

IMO: We should just default. We aren't realistically going to pay off the (almost) $17 trillion debt. Not the direction the government is heading.

We are a little over $40 billion away from the $17 trillion mark.

**Fission** · 10-1-2013, 09:41 AM

and then once US defaults, there is no leverage

gr8 idea

DotKritic · 10-1-2013, 09:53 AM

Quote:

Originally Posted by Fission

and then once US defaults, there is no leverage

gr8 idea

So with the current government, we're just going to keep "kicking the can"?

**Fission** · 10-1-2013, 10:07 AM

better to kick the can then throw it in the trash compactor and possibly incite even more conflict as a side effect

Choofers · 10-1-2013, 10:14 AM

madmatt is from texas; you can't rationalize with him

**Kekeb** · 10-1-2013, 10:20 AM

booyaka

**Reincarnate** · 10-1-2013, 10:23 AM

defaulting is a very bad idea

FoJaR · 10-1-2013, 10:50 AM

Quote:

Originally Posted by DotKritic

ICYMI: President Obama wants a debt ceiling increase that will only last for 1-2 months. Republicans will do so ONLY if they delay the Affordable Care Act (aka ObamaCare) for one year.

I think that's right.

nah the government needs a debt ceiling increase, not obama wants one.

FoJaR · 10-1-2013, 10:51 AM

Quote:

Originally Posted by drizzleRomanceGirl

Wouldn't it be interesting if the entire government collapsed and we had to learn to run our own businesses without the use of government?

yeah we tried this once, it didnt go well.

ddr_f4n · 10-1-2013, 10:52 AM

As a guy who lives in "socialist" Canada, I find this amusing.

**Fission** · 10-1-2013, 10:55 AM

fuck canada

get at me canadian fifferers

FoJaR · 10-1-2013, 10:57 AM

don't gloat, it's unbecoming.

View Poll Results: Who is the blame?
The Republicans	33	28.95%
The Democrats	2	1.75%
Both above	12	10.53%
President Obama	9	7.89%
Everyone	58	50.88%
Voters: 114. You may not vote on this poll

10-1-2013, 08:09 AM	#61
Reincarnate x'); DROP TABLE FFR;-- Join Date: Nov 2010 Posts: 6,332	Re: Let the shutdown begin edit: sounded too arrogant, removing stuff anyway: lito you need to stop >:[ don't spread misinformation Last edited by Reincarnate; 10-1-2013 at 08:14 AM..

10-1-2013, 08:14 AM	#62
Choofers FFR Player Join Date: Dec 2008 Age: 33 Posts: 6,205	Re: Let the shutdown begin grok wall street grad grok think lito need stop, not know much about money grok think rubix good __________________

10-1-2013, 09:26 AM	#68
Kekeb davai Join Date: Dec 2006 Age: 33 Posts: 2,765	Re: Let the shutdown begin All of this news feels really grimy to me. This is basically extortion right?

10-1-2013, 09:26 AM	#69
DotKritic Forum User Join Date: Jun 2009 Location: Houston Age: 19 Posts: 2,964	Re: Let the shutdown begin IMO: We should just default. We aren't realistically going to pay off the (almost) $17 trillion debt. Not the direction the government is heading. We are a little over $40 billion away from the $17 trillion mark. __________________ FFR Member Since December 17th, 2004

10-1-2013, 09:41 AM	#70
Fission no Join Date: Jan 2004 Age: 33 Posts: 1,850	Re: Let the shutdown begin and then once US defaults, there is no leverage gr8 idea

10-1-2013, 10:07 AM	#72
Fission no Join Date: Jan 2004 Age: 33 Posts: 1,850	Re: Let the shutdown begin better to kick the can then throw it in the trash compactor and possibly incite even more conflict as a side effect

10-1-2013, 10:14 AM	#73
Choofers FFR Player Join Date: Dec 2008 Age: 33 Posts: 6,205	Re: Let the shutdown begin madmatt is from texas; you can't rationalize with him

10-1-2013, 10:20 AM	#74
Kekeb davai Join Date: Dec 2006 Age: 33 Posts: 2,765	Re: Let the shutdown begin booyaka

10-1-2013, 10:23 AM	#75
Reincarnate x'); DROP TABLE FFR;-- Join Date: Nov 2010 Posts: 6,332	Re: Let the shutdown begin defaulting is a very bad idea

10-1-2013, 10:52 AM	#78
ddr_f4n FFR Player Join Date: Sep 2005 Location: Somewhere in Canadaland Age: 31 Posts: 3,807	Re: Let the shutdown begin As a guy who lives in "socialist" Canada, I find this amusing. __________________ Out Now! Older Releases: Vocaloid: Project Pad Pack 3rd Gpop's Pack of Original Pad Simfiles 東方幻想踊 (Touhou Gensouyou) ~ Illusionary Dance Fantasy & Vocaloid: Project Pad Pack 2nd

10-1-2013, 10:55 AM	#79
Fission no Join Date: Jan 2004 Age: 33 Posts: 1,850	Re: Let the shutdown begin fuck canada get at me canadian fifferers

10-1-2013, 10:57 AM	#80
FoJaR The Worst Join Date: Nov 2005 Location: space ghost is dead to me Posts: 2,816	Re: Let the shutdown begin don't gloat, it's unbecoming. __________________

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