Are you fucking kidding me? A balanced budget amendment is the holy grain of “Shrink The Beast” and that is what it takes to get this shit settled?
The Republicnuts will do anything to blame Obama so as to win the next election. It is so obvious to me and I’m not even an Obama fan. And the Democraps need to protect transfer payments, and their base, at all costs.
Today was the first morning that any fear was apparent but it lasted all of about a half hour. GDP, Europe? fuggetaboutit. JBTMFD
I’m not even going to analyse this clusterfuck today. With so many really smart people just dying to buy the dip, I’m going to suggest that the outcome could prove to be very market-unfriendly, regardless of the outcome. SPX 1220 is not that far away.
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Any thoughts on this action in bonds we are seeing? Fear of Europe and equities trumping fear of default or downgrade?
I think the FED is now bigger than the Bond Vigilantes. It is still perceived to be a “save haven” even if it really isn’t
How about that 10 year treasury today?
Chit is going to hit the fan….glad I’m out
No 1400 first?
Who else should they blame? Pelosi? She’s out of power? Reid? He’s next.
Are you saying Obama’s policies have been helpful to the economy?
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does it matter? SPX 1225…
To whom?
If you care about the structural integrity of your (currenlty) largely free market economy, I’d say, “yeah” it matters.
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The numbers are so otherworldly that the “structure” is already broken. Has been for a while but policy makers have bee biding time and “hoping”
I’m a genius…..just saying….