Loading ...Yesterday, the US markets levitated throughout the trading day. The Dow finished at 15301.26 (+64.15), the Nasdaq at 3815.27 (+23.40), and the S&P at 1710.15 (+6.95). The media claims it was due to talks that a debt ceiling deal is near. We just can’t wait until the debt ceiling fiasco is over and the market sells off. It’s going to be fun watching them explain what happened.
The not-real-imaginary-make-belief government shutdown continues. The politicians have moved on to the next topic de jour and no one is left arguing about to shutdown. All the focus is now at the debt ceiling debate. Once again the event in Washington, the debt ceiling debate, is nothing but distraction. The lender (the Fed) has already agreed to lend the money. The borrowers (dems and repubs) have already agreed to the notion that they need to borrow. The casualties (US and Global Citizens) are already aware that they are about to get screwed.
This morning, the markets are trading slightly higher. Headlines across all major news networks is that Washington is once again about to make a deal. The real news, the never ending war of currency devaluation continues, in the background, hidden from public view.
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