Any investors out there...

[1FinickyOne]

I assume I am just being paranoid but if the idiots in US congress get into a budget spat and default - 

 

how will this effect treasury bills? Now that we are at 5% + I have been investing more heavily in T- Bills... 

 

Or is it that if we default the whole world economy goes into chaos? 

[ozimoron]

I just watched a YT vid (FX Evolution) where the guy claims that the maximum will be 6%. He does fairly good macro analysis which interests me more than TA but usually makes few predictions.

[swissie]

A re- ocurring theme. After a lot of scuabble, they will raise the budget once more.
It could turn the world economy in great turmoil. But it will not happen. Why not?

a) Congressmen don't want to be held responsible for a global financial meltdown.
b) They want to be re-elected.

Strong recommendation: If the "squabble" heats up some more, and T-Bill yield jumps to 6% as a result of it (knee jerk reaction), buy some more T-Bills.

You will thank me for this advice, should this scenario unfold.

 

[1FinickyOne]

11 hours ago, swissie said:

T-Bill yield jumps to 6% as a result of it (knee jerk reaction), buy some more T-Bills.

You will thank me for this advice,

T-Bills will rise to 6% anyway... and many of these people are hell bent on bringing down the US govt from the inside... i think what you are saying was clearly valid in the past, but I am not sure that still holds - -

 

but I thank you for your opinion and comment, now.