Tuesday, August 2, 2011

What the debt hostage crisis told the world and the markets

There's no longer a consensus in American politics, particularly on the ascendant insane right wing, that the U.S. should pay its debts.

You'd sell your stock - and your dollars - too.

Of course, the fact that we're beginning a double-dip recession and the debt deal is contractionary should drive the stock market down.

No comments: