Lehman Brothers , the company that caused the biggest financial crisis in recent years has been in debt to 517mld USD. U.S. government debt exceeds 12 Billion, 23 times more than LB. According to Jack Lew, Secretary of the U.S. Treasury, October 17 the United States will 30 mld USD, a little bit like a superpower. Why this data is important? Because on October 17 should be reimbursed 120 billion short-term debt, which means that United will not pay his debtors.
October 24th you will pay 93mld USD
October 31 you will have to pay USD 150mld
to 7 November next 54mld USD
In total 417mld USD And U.S. will have only 30mld. I must admit that the pace of the U.S. debt is really impressive. Returning to the heart of the crisis, which caused the collapse of Lehman Brothers would be nothing in comparison to what would bankrupt the U.S.
Of course, this is pure fantasy, because something like this does not happen right, but even a single delay in the repayment of bonds by the U.S. could lead to a big slump in the market.
October 24th you will pay 93mld USD
October 31 you will have to pay USD 150mld
to 7 November next 54mld USD
In total 417mld USD And U.S. will have only 30mld. I must admit that the pace of the U.S. debt is really impressive. Returning to the heart of the crisis, which caused the collapse of Lehman Brothers would be nothing in comparison to what would bankrupt the U.S.
Of course, this is pure fantasy, because something like this does not happen right, but even a single delay in the repayment of bonds by the U.S. could lead to a big slump in the market.
This type of behavior causes unnecessary stress for investors and ill-considered decisions regarding trades on financial market.
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| Chart 1: FSP500; H4; 2013-10-07 |
Currently, we are witnessing a correction in which wave A and wave B may have already been realized. Unfortunately, wave B correction figure was "the rushing" which can mean market weakness.
At the moment it is difficult to identify potential ranges of correction. I showed two levels on which the correction should be completed.
In the event of a market strongly negative information may be (there is one) to complete the movement growth and the start of a larger correction, which can last up to the end of the year.
Now, I recommend a short position with a stop loss at the level of 1680 points.
regards,
oscarjp
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects oscarjp-chrimatistikos current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
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