The low point in American political debate took place last night when Tea Partiers used a clip from The Town to somehow bolster their resolve. Never saw it. I would also add that I think Casey's work is better. If this doesn't mark the official "shark jump" of the debt ceiling - budget fiasco, I don't know what will.
I continue to avoid the Pavlovian "buy something/anything" conclusions of the chattering class. Markets are washing aimlessly through old Hooper patterns and no longer term conclusions should be made. Once the budget emerges, austerity measures will have to align themselves with still optimistic predictions of second half growth.