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To: blam

Markets Lower After Debt Ceiling Disaster

2 posted on 07/29/2011 4:12:02 AM PDT by blam
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To: blam
Barney Frank: Default Is Now "More Likely Than Not"
3 posted on 07/29/2011 4:17:28 AM PDT by blam
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To: blam

The piece is wrong.

The markets are lower in anticipation of the lower GDP report and slowing economy. The debt/deficit are already part of the pricing and the current dithering has no real effect. The prospect of lower sales translates to lower earnings thus lower prices.


8 posted on 07/29/2011 4:49:02 AM PDT by bert (K.E. N.P. +12 ....Flash mobs are trickle down leftwing REDISTRIBUTION))
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