Quote:
Originally Posted by Daradon
I'm surprised the markets have responded the way the have. This deal does nearly nothing, and we'll be right back here in a month.
Plus we gotta go through the debt ceiling exercise again. Hopefully the Republicans don't do what they did last time and hold the country hostage.
Course I've given up trying to make sense of economists a long time ago. They complain that citizens carry too much personal debt, but warn if they stop spending the economy will go into a recession.
In a system where nothing seems to be good news, and they want both sides of the argument, maybe status quo is really the only thing they get excited about.
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Markets don't necessarily care what you've done, only that the uncertainty of doing nothing has changed into the certainty of having done something.
Some clarity is positive. Business owners and others hiring or spending on plant and equipment will also appreciate the clarity.
As you say though, more to come.
Cowperson