Created Mon 27th Apr 10:23am PST by 
risk
risk 
United States to experience a debt crisis during Barack Obama's first term
Background: The United States will experience a debt crisis on or before Jan 20, 2013. A debt crisis can be defined as any of the following:
- United States defaults on some or all of its national debt
- United States must print or create money to avoid a default, causing a drop of 40% or more in the value of the dollar, in a single 12-month period, against at least two major international currencies. International currencies are: Euro, Yen, Pound, Canadian Dollar, Australian Dollar
- United States defaults on some or all of its national debt
- United States must print or create money to avoid a default, causing a drop of 40% or more in the value of the dollar, in a single 12-month period, against at least two major international currencies. International currencies are: Euro, Yen, Pound, Canadian Dollar, Australian Dollar
Settlement details:As reported by a major mainstream news source.
Forecast history %
| Yes |
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| No |
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Question suspends in 3 years
- Activity: H$2,911 |
- Predictions: 11 |
Comments: 1
Get widget!Predictions (11)
notablenotices![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted Yes (H$100 at 20%)
frogchop
predicted Yes (H$1,000 at 17%)
rogerkni
predicted Yes (H$500 at 14%)
predicted Yes (H$50 at 13%)Comments (1)
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This news is selected automatically based on the question, its background, options and tags
This news is selected automatically based on the question, its background, options and tags
score: 10
Forbes.com 27 weeks ago
MARKETS-FOREX (UPDATE 7): * U.S. retail sales fall in April, dollar rises * Dollar rebounds from seven-week low vs euro * Risk appetite is down, high-yielders slide (Updates prices, adds comment) NEW YORK (Reuters) - The dollar rallied against most major
score: 10
CNN 27 weeks ago
NEW YORK (Reuters) -- The dollar rallied against most major currencies Wednesday after an unexpected decline in April's U.S. retail sales rekindled demand for the greenback as a safe haven. The report, which showed
score: 10
Xinhua News Agency 27 weeks ago
has the risk of leading to higher inflation by significantly increasing currency supply. The Fed is 'essentially printing money' to buy the bonds and securities, rather than drawing on tax dollars, some experts say, arguing that the dollar will drop in
score: 10
Asia Times Online 28 weeks ago
form of derivative that insures against default, has seen these costs escalate very rapidly as the government pours money into the spending plans mentioned above, buying toxic assets, non-performing assets, troubled assets, and otherwise questionable
score: 10
MENAFN 28 weeks ago
The dollar was mixed versus other currencies, losing ground versus the British pound and the Australian dollar while gaining versus the Japanese yen. The euro traded above the $1.34 level versus the dollar late Monday, but retreated ahead of the release
Related Tags
http://www.reuters.com/article/businessNews/idUSTRE5AH1RY20091118?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29
BEIJING (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.
With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.
His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.
"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.
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