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Thread: Surprise! Huge US Budget Surplus Shatters Record

  1. #181
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    You reply to financial analysis with low-brow partisan nonsense. I see you cannot refute my comment.
    I don't need or want to refute your "comment" because your comment was a non sequitur insomuch as your defense of this "surprise huge buget surplus" news being some sort of "sign" about the economy. I don't think you even know what you're arguing about any more.

    Here... let me refresh your memory: http://www.debatepolitics.com/breaki...post1062043822

    This "breaking news" isn't moving the market one bit except maybe down because it's not some sort of sign of economic strength - some surprise good fortune.... it's a big fat zero in terms of economic news. And you've been obfuscating for pages because you can't admit something so obvious. This news didn't affect "the market" because it's not an economic indicator. If you want to keep arguing that it is, go ahead. The DOW is down 31 points right now.
    Last edited by Papa bull; 07-12-13 at 04:01 PM.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  2. #182
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    I don't need or want to refute your "comment" because your comment was a non sequitur insomuch as your defense of this "surprise huge buget surplus" news being some sort of "sign" about the economy. I don't think you even know what you're arguing about any more.
    You made a ridiculous claim about how equity markets were not impacted, which of course is a "so what" statement. However, you failed to understand how such news can impact credit markets, specifically treasury markets. If Bernanke's talk drove yields down, it would be across the board. However, private debt yields actually rose. It was the U.S. Treasury market that actually seen financial inflows.

    Of course you don't want to discuss such topics.... Because you can't.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #183
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    You made a ridiculous claim about how equity markets were not impacted, which of course is a "so what" statement. However, you failed to understand how such news can impact credit markets, specifically treasury markets. If Bernanke's talk drove yields down, it would be across the board. However, private debt yields actually rose. It was the U.S. Treasury market that actually seen financial inflows.

    Of course you don't want to discuss such topics.... Because you can't.
    This "news" about "budget surplus" hasn't moved any market. It's not good news. It's not bad news. It's just not news in any significant way about anything. Since this "news" has been released, there's been no noteworthy movement on ANYTHING that is related to it. The only real movement going on is you and your pom-poms.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by poweRob View Post
    Looks like good news. I can't wait for all the deficit hawks to come in here and also crow about how great this is for our economy. You guys will right? Or is the sky still falling?

    Surprise! Huge US Budget Surplus Shatters Record

    The U.S. government posted a budget surplus in June, the latest sign of rapidly improving public finances that could reduce the urgency in Congress to strike a deal to raise the nation's limit on borrowing.

    Rising tax revenues, public spending cuts and big payments to the Treasury from state-backed mortgage firms helped the government take in $117 billion more last month than it paid out, the U.S. Treasury said on Thursday.

    Analysts polled by Reuters had expected a smaller surplus of $39.5 billion.

    June's surplus was the largest for that month on record.
    See? The Sequester isn't so bad after all

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    This "news" about "budget surplus" hasn't moved any market. It's not good news. It's not bad news. It's just not news in any significant way about anything. Since this "news" has been released, there's been no noteworthy movement on ANYTHING that is related to it. The only real movement going on is you and your pom-poms.
    As already displayed, U.S. Treasury markets increased. Must i do everything for you?

    10yry.jpg
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #186
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    Debt vs. income ratio is as important to countries as it is to the average Joe. A nation's credit depends on them keeping a reasonable debt to income ratio. Ours keeps growing the wrong direction. That's not a good thing for us any more than it would be for a household. Of course, with a household, it's actually the debt to ASSET ratio that's truly critical. Having a debt to income ration of 2:1 isn't a big deal if we're talking about a house and car.
    LOL yes it is a big deal. Your assets can be huge, but if it is based on debt.. which most households are, then when you loose your income you loose your assets, and if your debt is higher than your assets, then you are reallllly screwed. That was and is the problem in the US today for many. They got loans to buy assets at inflated prices and now the value of those assets have gone massively down and they still have the debts and no jobs and no ability what so ever to pay off the debt.

    It's a HUGE deal if it's just debt with no assets to show for it and that's what our government's deficit spending is like.
    Governments have plenty of assets, not to mention (as you already stated) the ability to print money. They also have a constant income. It might fluctuate but it is there, so they will always have the ability to pay interest and even pay off some of the debt if need be.. granted it will come at the cost of other things, but the ability is there.

    We can't just sell the asset behind that debt and BAM, we're all squeaky clean again. No, it's more like credit card debt except the interest rate is a lot beter.
    Actually you can, but dont need too. Yes there are 16 trillion in assets in the US. Hell sell off Alaska and you can pay off all your debts. But as I have stated, a countries finances is not the same as a household..
    PeteEU

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by PeteEU View Post
    Hell sell off Alaska and you can pay off all your debts.
    All those in favor of selling off Alaska to pay off the national debt, how much do you think we could fetch?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    All those in favor of selling off Alaska to pay off the national debt, how much do you think we could fetch?
    While i wouldn't support selling Alaska, it has to be worth at least... $20 trillion?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  9. #189
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    As already displayed, U.S. Treasury markets increased. Must i do everything for you?

    10yry.jpg
    a) there was nothing abnormal about that fluctuation. Normal ups and downs.

    b) there is no indication that ANY market considered this "breaking news" to be some sort of economic indicator. The markets shrugged their shoulders. The treasury market shrugged it's shoulders. Today, treasuries dropped.

    You've got nothing.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  10. #190
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    While i wouldn't support selling Alaska, it has to be worth at least... $20 trillion?
    Are the Palins included in the deal?

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