Back to top

Real Time Insight

With the debt ceiling fast approaching and both sides digging in, many are looking for a quick fix to the problem. One possible solution that has been floated lately is the ‘trillion dollar coin’ idea.

Apparently, the U.S. Treasury is allowed to mint as many coins of platinum as it so desires and it can also assign them any value it chooses. With this loophole, the Treasury could print up a couple trillion dollar platinum coins, deposits them at the Federal Reserve, and then the Fed moves it into the Treasury’s accounts, pretty much eliminating a debt ceiling fight altogether.

While this would ‘solve’ the problem, it would also likely infuriate Republicans who more or less caved on the Fiscal Cliff and were looking to extract something out of Democrats this time around. This could set up an even more partisan stretch over the next few years, assuming that this is the route that Obama takes.

What do you think about the idea?

Is this a good way to fix the debt ceiling debacle despite the political risks? Or is this a slimy way to avoid another political fight?

Let us know what you think in the comments below!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Just Released: 5 Stocks to Double

Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100% and more in the next 12 months:

One is a "boring" business delivering blistering growth. Another is a red-hot oil and gas producer set to surge on a drilling breakthrough. Still another, an online payment provider, ignited a 53% sales explosion during the past year.

Close This Panel X

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%