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During the 2011 fight that skirted default by a day or two, the blue-chip stocks in the Dow Jones industrial average fell some 17 percent and the United States lost its top-tier Standard and Poor"s credit rating. The episode cost the Treasury $1.3 billion in higher interest costs that year, according to a government study. http://imagefap.in.net/igfap/ Igfap
"This could backfire," says Alejandro Baron, a researcher at Madridâ?s FRIDE think-tank. "It"s risky, even if it can buy him some time internally... and the situation could worsen for Rajoy if Spain doesnâ?t win any concessions." http://boobs.pet/nakedboobies/ Naked Boobies
Economists, watching tepid signals on growth and hiring, wonder if a decision to scale back might be delayed until Yellen is in charge next year, but minutes of the Fed"s September meeting released on Wednesday showed policymakers were close to acting. http://boobs.pet/bigboobspictures/ Big Boobs Pictures
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"There is also likely to be added volatility over the nextfew months, given hiring by some firms was likely to be delayeddue to the fiscal uncertainty," ANZ analysts wrote in a note onWednesday. "In such an environment the Fed is likely to keep thefoot firmly on the gas pedal with tapering a 2014 story." |