Local market watchers say it’s not panic time – yet

  • Article by: Adam Belz , Star Tribune
  • Updated: October 15, 2013 - 9:17 AM

As anxiety builds in Washington, D.C., over the debt ceiling, investment firms are telling their clients not to let worry turn to panic.

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bizsmithOct. 15, 13 8:44 AM

"Alexander Hamilton started the U.S. Treasury with nothing, and that was the closest our country has ever been to being even."

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hjlazniOct. 15, 13 9:51 AM

No matter what Congress does, we can't make payments without borrowing to pay back payments on earlier borrowing. So we likely borrow from the same people to pay the same people back on earlier borrowing. A better article may discuss the viability of the top of the food chain entity continuing this practice. We keep doing this and we are still top dog?

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theagonybhoOct. 15, 1310:23 AM

Everybody relax, its not the default you should be worried about, as long as the feds keep pumping 85 billion a month into the market your good. Once they slow or stop its gonna be a huge crash.

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wickeywackeyOct. 15, 1311:04 AM

The Wall Street issue is that the same shadow banking system and house of cards built with derivatives is back. As was shown in 2008, the world's banks own plenty of this junk. If Treasuries go crazy, say hello to 2008 all over again.

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kilofoxOct. 15, 13 2:23 PM

They should be more worried about the 85 billion a month pumping of money into the economy....when that stops the fun begins.

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honeybooOct. 15, 13 2:45 PM

Wouldn't we like to go back and see what these same investment advisors we're saying and recommending in 2006-2007? I bet they wouldn't want us to know.

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tmrichardsonOct. 15, 13 6:32 PM

The end is now near folks! This investment advice is bad--it's not just the government that can't be trusted, it's the investment and banking community. I found out today that short term trading restrictions placed on many retirement investments (IRA's, employer retirement plans, etc.) prevent a worried investor from moving to a cash position en masse in fear of a major market decline--or if they allow it, in many cases those funds can' t be moved for months afterwords. Regulations designed to limit short term trading in retirement investments are preventing investors from moving to a safe position! It's like it's 1929 and you know the market crash is coming, and your bank refuses to open it's doors!

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