So it appears that some grand and brilliant compromise will be reached on the debt limit, reached at the very last minute, down to the wire, whew wasn't that close.
I have been (sadly, offline) predicting for weeks that this is exactly what would happen: a last-minute deal, and my guess is that when we see it most people will say "Wow, that's
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I expected a drop in metals prices after the announcement, as the unsophisticated gamblers fell sucker to the hype and sold off their precious metal hedges. My question was whether those prices would get back down to the approximate level of their one-year moving average.
Nope. Not even close. As a matter of fact, those prices are up again today. Apparently most gamblers sophisticated enough to pick gold and silver for their hedges in the first place are sophisticated enough to realize when they're being scammed. And they're being scammed.
So, the barometer still points angrily and unmistakably at the "we're fucked" end of the gauge. Not cool. Probably accurate, but saddening.
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Why the Republic is dying
http://www.youtube.com/watch?v=iXIUHW3cEAw
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