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Budget Deal Reached

Sunday, July 31, 2011 - 8:06 PM
Washington leaders reach budget deal - MarketWatch

Asian stocks are rallying, Dow futures are up 179 points and gold futures are down 17.60 to 1613.70 an ounce.

Dare we dream that the deal will include some good news for savers?

 
4
pearlbrownpearlbrown1,474 posts since
Nov 2, 2010
Rep Points: 6,406
1. Sunday, July 31, 2011 - 9:25 PM
This is all political theater. Anyone that doesn't think that this deal was planned in advance to be a done deal ahead of the opening of the Asian markets needs to have their head examined. All the participants in the deal have an interest in the markets surging Monday. What should you expect? The corruption is apparent. Good news for savers? Not!
4
ShorebreakShorebreak2,683 posts since
Apr 6, 2010
Rep Points: 14,546
2. Sunday, July 31, 2011 - 10:03 PM
Of course it's political theater and the performance is running right on schedule.  I doubt anyone has any serious expectations of this deal including any provisions remotely benefiting savers.  
4
pearlbrownpearlbrown1,474 posts since
Nov 2, 2010
Rep Points: 6,406
3. Monday, August 1, 2011 - 9:53 AM
The overall macro-economy picture is not pormising at all.  Like Scarlett said to Rhett: "Nothing you (Government/economy) do surprise me..."
3
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
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