Tuesday, August 02, 2011

WHEEEEEEEEEEEEEEEEEE

I see the debt ceiling vote tanked the market.

And, no, I don't claim to believe I can write the monocausal headlines with certainty the way the financial press always does, but it's quite possible that the people who are betting their cash instead of betting their ideology might not think austerity is a good thing.

While all the Very Serious People will tell us that we just have to cut more and more and more and more and more...