A diary of the thought process behind my investment decisions
Waiting For Washington
A week ago we waited for the EU and now we are waiting for Washington. Needless to say, my love for politics is not growing. It seems silly that the stock market is worried about the debt ceiling, while treasuries are higher on the day and not reflecting any risk of default. Either the US will default on its debt and there will be another financial collapse or the debt ceiling will be raised. I'm betting on the latter. Have a good night.