BDBoop
Platinum Member
- Banned
- #1
Here's What Wall Street Really Wants From Washington
That makes sense. So. What's next? 14th Amendment invocation?
The core fact is that markets haven't sold off nearly as much as you'd expect if Wall Street were really freaking out. This is not because Washington pols have told their Wall Street paymasters about a secret deal that just hasn't reached the ears of those of us reporting from down here. Nor are they calm because they think that a failure to raise the debt ceiling will be no big deal. They certainly don't believe that a forced spending cut of 40% will somehow make us extra-super-more-likely to make us pay off our debt.
No, they're relatively calm because they simply cannot bring themselves to believe that we're not, in the end, going to raise the ceiling. It's too outlandish that we would, through the collective action of our congressmen, suddenly and for no apparent reason shoot ourselves in the head.
That makes sense. So. What's next? 14th Amendment invocation?