The market dropping had a lot more to do with banks blowing up (or not blowing up for spells) than anything else. Still is...look at BAC, RBS, Barclays, Citi, etc the last month. That’s not to say that the market like Barack. You’ll know his time for gov’t expansion is up when we have a bond market dislocation. Depending on how quickly Ireland/UK collapses and E. European countries depends on how quickly that happens here. I previously thought he’d get a full year of $2tril+ deficits in. I give is 6 months now.
“The market dropping had a lot more to do with banks”
That’s exactly what a very knowledgeable relative told me tonight. Bad news early Tuesday morning about the Bank of Scotland (?) sent the market dropping big time.
It had very little to do with Obama (though in my opinion, the country sank lower also with an abortion-loving president sworn in office—a sad day for sure).