Bob takes on the STOCK MARKET, CURRENCIES, COMMODITIES, PRECIOUS METALS, and the FED
Well, the debt ceiling number has always been there, but it is often changed, when it is expedient. Never down and always up, and lately, with some drama. However, it does provide a chance for a voice of sobriety. The attached chart by Ron Griess shows that the debt level already exceeds the “limit”.
The political drama could more specifically be called “Theatre of the Absurd”. Only popular with the participants; the public and the markets could soon say “Enough!”.
While we can hardly restrain our anticipation of such a revulsion, it would be prudent to watch the charts.
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