Re: Didn't We All Know This Was Coming? Archived Message
Posted by metalhedz on July 15, 2011, 7:36 pm, in reply to "Re: Didn't We All Know This Was Coming?"
The debt ceiling is a smoke and mirrors debate so that both sides can get their sound bytes for the next election. There is no doubt that the Government is going to borrow more money. What is making investors jittery is the possibility of the right caving and passing tax increases. If the Prez gets his way and increases taxes they will lose more than they can possibly make. As a result they are selling off and holding onto the cash, waiting to see if there is any reason to risk their capital.
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