Tuesday, August 2, 2011

Market Doesn't Like Debt Deal

The market didn't like the debt deal...because it doesn't include revenues, doesn't cut nearly enough spending (needed to be at least 5 trillion) to put us on a credible path to solvency, and basically, the fiasco proved to Wall Street that the good old Government DOES NOT HAVE ANY MORE $ TO BAIL THEM OUT!

So they are on their own now...and without free money from the FED...they can't make it.

Can you say?..."Double Crash"? Better learn how.


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