Author Topic: The shutdown in US.  (Read 9444 times)

Moonraker

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The shutdown in US.
« on: October 02, 2013, 09:40:19 am »
In first day of U.S. shutdown, no sign how it will end

I think this impasse is more serious than the markets are interpreting it, and if it drags on till Oct 17th, being the date when the debt ceiling would need to be raised, there will surely be a 'correction' of crash proportions.
That might be a buying opportunity.

(As an aside, the Republicans are quite right, the Affordable Health Care Plan is certainly not affordable, just like our crappy NHI. Socialism simply does not work - witness Europe. With socialism, come election time, political parties fall over themselves/outdo each other to please and appease the masses without giving any thought as to the consequences of taking on more and more debt, burdening entrepreneurs (the damn capitalists), with higher taxes and more red tape, while pandering to the masses in order to get their uninformed votes. It's called populism.
You know, capitalists have a tough time, they borrow funds - money - to start some venture. Then they need to be able to pay the interest on their borrowings. The risks to success are huge, costs need to be controlled - yes labour is a bloody fixed cost, fixed meaning you can't control it - the socialists don't fully grasp this, they also don't realise that, by nature, everyone is a capitalist.)

Rant over.

Will wait to see how the 'shutdown' plays out before making any purchase decisions. 

Patrick

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Re: The shutdown in US.
« Reply #1 on: October 03, 2013, 08:22:04 am »
To play devils advocate here, what are the thoughts on the free healthcare for all available in Canada and some other countries?

I was once a recipient when checking in to a hospital in Rome after a huge mountain bike crash. Tried to whip out my credit card after all the xrays, plaster casts and stitching was over and got funny looks from everyone. Emergency healthcare in Italy is free for locals and foreigners.

Moonraker

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Re: The shutdown in US.
« Reply #2 on: October 03, 2013, 09:15:54 am »
Demise of Daddy State -The Netherlands can no longer afford its welfare state

Yup, as alluded to in my previous post, that's what happens to welfare states (all of Europe) i.e. both socialism and democracy are failures. We should strive to be like Singapore, which is run by technocrats who know what is best for the country and to hell with populism aka pandering to the masses in order to secure their votes.

Moonraker

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Re: The shutdown in US.
« Reply #3 on: October 15, 2013, 01:34:57 pm »
I suppose if the worst comes about i.e. no deal on 17/10, Obama could force the debt ceiling to be raised by executive order.