Replies to post #187122 on ORIONS Money Stocks

[AugustaFriends]

How will Americans react if wages were reduced to under $4 per hour and no retirement or for those getting Govt retirement cut 50%

[kajulie]

I think you're right. There is obviously no easy solution here, but job cuts and reduced wages lead people to desperate measures. The world is watching, as other countries including the US, potentially face similar situations in the long run. Regarding the markets, we'll have to wait and see if the markets sell the news. Historically, markets reverse off the bottoms following a default, but this is just another kick to the can.