Whom the gods would destroy, they first call promising.
We are all being forced to follow the budget mess hour by hour. The process has now morphed into a sick hope that markets will collapse and demand action. That a "scorched Earth" gambit is being played out at 15% unemployment is shocking. The air is being sucked out of the room and markets are not levitating as many has predicted last week.
The circus is going to pack up and move on. The only upside is this freak show has an expiration date. The slew of Treasury paper the system has to digest this week should be messy. Europe remains on the brink of managed default. The lack of growth has put State budgets back on the radar. None of this makes us start a discussion with, "We should buy...: