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Coronita.
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May 6, 2010 at 1:16 PM #547876May 6, 2010 at 1:35 PM #546938
Fletch
Participant[quote=briansd1]
1) Our debt is denominated in our own currency (can devalue the debt away if needed),
[/quote]Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?
May 6, 2010 at 1:35 PM #547050Fletch
Participant[quote=briansd1]
1) Our debt is denominated in our own currency (can devalue the debt away if needed),
[/quote]Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?
May 6, 2010 at 1:35 PM #547531Fletch
Participant[quote=briansd1]
1) Our debt is denominated in our own currency (can devalue the debt away if needed),
[/quote]Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?
May 6, 2010 at 1:35 PM #547630Fletch
Participant[quote=briansd1]
1) Our debt is denominated in our own currency (can devalue the debt away if needed),
[/quote]Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?
May 6, 2010 at 1:35 PM #547901Fletch
Participant[quote=briansd1]
1) Our debt is denominated in our own currency (can devalue the debt away if needed),
[/quote]Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?
May 6, 2010 at 1:50 PM #546948Zeitgeist
Participanthttp://yidwithlid.blogspot.com/2010/05/holy-cow-massive-stock-market-drop.html
Both Fox Business and CNBC are both reporting that the 20 minute crash was caused by a typo. There was trader error in which someone entered a “b” for billion instead of an “m” for million in a trade of Procter and Gamble stock. This called P&G stock to mistakenly lowered considerably, thus triggering an avalanche of program selling. Procter and Gamble is a component of the DJIA.
May 6, 2010 at 1:50 PM #547060Zeitgeist
Participanthttp://yidwithlid.blogspot.com/2010/05/holy-cow-massive-stock-market-drop.html
Both Fox Business and CNBC are both reporting that the 20 minute crash was caused by a typo. There was trader error in which someone entered a “b” for billion instead of an “m” for million in a trade of Procter and Gamble stock. This called P&G stock to mistakenly lowered considerably, thus triggering an avalanche of program selling. Procter and Gamble is a component of the DJIA.
May 6, 2010 at 1:50 PM #547541Zeitgeist
Participanthttp://yidwithlid.blogspot.com/2010/05/holy-cow-massive-stock-market-drop.html
Both Fox Business and CNBC are both reporting that the 20 minute crash was caused by a typo. There was trader error in which someone entered a “b” for billion instead of an “m” for million in a trade of Procter and Gamble stock. This called P&G stock to mistakenly lowered considerably, thus triggering an avalanche of program selling. Procter and Gamble is a component of the DJIA.
May 6, 2010 at 1:50 PM #547640Zeitgeist
Participanthttp://yidwithlid.blogspot.com/2010/05/holy-cow-massive-stock-market-drop.html
Both Fox Business and CNBC are both reporting that the 20 minute crash was caused by a typo. There was trader error in which someone entered a “b” for billion instead of an “m” for million in a trade of Procter and Gamble stock. This called P&G stock to mistakenly lowered considerably, thus triggering an avalanche of program selling. Procter and Gamble is a component of the DJIA.
May 6, 2010 at 1:50 PM #547911Zeitgeist
Participanthttp://yidwithlid.blogspot.com/2010/05/holy-cow-massive-stock-market-drop.html
Both Fox Business and CNBC are both reporting that the 20 minute crash was caused by a typo. There was trader error in which someone entered a “b” for billion instead of an “m” for million in a trade of Procter and Gamble stock. This called P&G stock to mistakenly lowered considerably, thus triggering an avalanche of program selling. Procter and Gamble is a component of the DJIA.
May 6, 2010 at 1:58 PM #546963briansd1
Guest[quote=Fletch]
Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?[/quote]
My dad gets Social Security. He did not get an increase in 2010.
WASHINGTON — For the first time in more than three decades, Social Security recipients will not get any increase in their benefits next year, federal forecasts show.
May 6, 2010 at 1:58 PM #547075briansd1
Guest[quote=Fletch]
Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?[/quote]
My dad gets Social Security. He did not get an increase in 2010.
WASHINGTON — For the first time in more than three decades, Social Security recipients will not get any increase in their benefits next year, federal forecasts show.
May 6, 2010 at 1:58 PM #547556briansd1
Guest[quote=Fletch]
Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?[/quote]
My dad gets Social Security. He did not get an increase in 2010.
WASHINGTON — For the first time in more than three decades, Social Security recipients will not get any increase in their benefits next year, federal forecasts show.
May 6, 2010 at 1:58 PM #547655briansd1
Guest[quote=Fletch]
Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?[/quote]
My dad gets Social Security. He did not get an increase in 2010.
WASHINGTON — For the first time in more than three decades, Social Security recipients will not get any increase in their benefits next year, federal forecasts show.
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