tag:blogger.com,1999:blog-5501578761718800303.post4710537246794110957..comments2022-05-16T05:54:36.039-04:00Comments on Talking Points, Meta: The Current State of Affairsrapier7http://www.blogger.com/profile/07734542594754572266noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5501578761718800303.post-59982727370513002952013-10-11T00:27:02.711-04:002013-10-11T00:27:02.711-04:00What exactly is the gravity of the situation? Mark...What exactly is the gravity of the situation? Market activity suggests that a temporary partial government shutdown/debt ceiling freeze will do nothing but disrupt short term economic activity. If the Republicans really have no power, then they will capitulate at the last minute. There is the threat of catastrophe and then there is actually catastrophe. Nobody with a significant monetary stake is thinking that a catastrophe is in the cards.<br /><br />As of yesterday's close, the 1 month Treasury bill has a .28% annualized yield. That's significantly above the 3 month's .05% but all that suggests is that this issue will be resolved without any significant fallout past a month. rapier7https://www.blogger.com/profile/07734542594754572266noreply@blogger.comtag:blogger.com,1999:blog-5501578761718800303.post-41095813450921460822013-10-10T15:57:53.829-04:002013-10-10T15:57:53.829-04:00You seem to misunderstand the gravity of the situa...You seem to misunderstand the gravity of the situation. First of all, the only side that is culpable is the one demanding uni-lateral concessions to reopen the government and avert default. The GOP has shown that they're only willing to negotiate omy with the threat of catastrophe around the corner in order to force Dems to give up something for nothing. In doing so they've united the Dems (something once thought impossible) in disgust and outrage at their reckless tactics, who refuse to give an inch lest they let the this type of hostage taking become a regular state of affairs in the future.<br /><br />Whats amazing is that the establishment knew this tactic wasn't going to work and yet still got dragged down into it. The old GOP guard is completely powerless, they've let the nuts take over the nuthouse, and now Boehner's only plan is to keep the government shutdown while pushing the debt ceiling back six weeks in order to satisfy the rabid tea party base.ChargerCarlhttps://www.blogger.com/profile/12273242389934305333noreply@blogger.comtag:blogger.com,1999:blog-5501578761718800303.post-5303886344321414882013-10-10T09:41:09.072-04:002013-10-10T09:41:09.072-04:00Diffusion of responsibility. If it's spread ou...Diffusion of responsibility. If it's spread out, the less any one party feels compelled to act.<br /><br />Anyways, you're overlooking the main point of the article, which is that it's not a big deal and there is an actual deadline in which this "issue" will get resolved.rapier7https://www.blogger.com/profile/07734542594754572266noreply@blogger.comtag:blogger.com,1999:blog-5501578761718800303.post-72573284047952596952013-10-10T00:53:10.274-04:002013-10-10T00:53:10.274-04:00Pretty lazy piece. "Everyones at fault."...Pretty lazy piece. "Everyones at fault." Yeah fucking right.ChargerCarlhttps://www.blogger.com/profile/12273242389934305333noreply@blogger.com