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<p>[QUOTE="InfleXion, post: 1234668, member: 29012"]I for one would rather lose my shirt on PM's than see a dire situation, because that would mean a recovery and I would still manage, but as a realist it is something I would not feel comfortable being unprepared for. I certainly prefer my current standard of living to the one that situation would provide. </p><p><br /></p><p>I do think the market has factored in a debt ceiling default to some degree, and that upon reaching an agreement we will see a dip in PM's. TPTB may even decide that's a good opportunity to take advantage of the momentum and initiative another smackdown, but to me this would just be a primo buying opportunity. I continue to see articles hinting that a AAA downgrade may come even if we raise the ceiling, based on the terms of that deal. Raising the debt ceiling doesn't solve anything. It just gives us life support to pump in more morphine. As long as the debt itself remains anywhere near current levels, and as long as real interest rates are negative (actual minus inflation) I think we will see the long term bull run continue. None of these deals cut into the debt. At best, they prevent it from growing.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1234668, member: 29012"]I for one would rather lose my shirt on PM's than see a dire situation, because that would mean a recovery and I would still manage, but as a realist it is something I would not feel comfortable being unprepared for. I certainly prefer my current standard of living to the one that situation would provide. I do think the market has factored in a debt ceiling default to some degree, and that upon reaching an agreement we will see a dip in PM's. TPTB may even decide that's a good opportunity to take advantage of the momentum and initiative another smackdown, but to me this would just be a primo buying opportunity. I continue to see articles hinting that a AAA downgrade may come even if we raise the ceiling, based on the terms of that deal. Raising the debt ceiling doesn't solve anything. It just gives us life support to pump in more morphine. As long as the debt itself remains anywhere near current levels, and as long as real interest rates are negative (actual minus inflation) I think we will see the long term bull run continue. None of these deals cut into the debt. At best, they prevent it from growing.[/QUOTE]
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