There is a lot of talk now about this. Let's clear some things up, for a moment.
These, the securities and commodities markets, and their futures, and derivatives, etc.,
have all been reduced now, mostly, to short term gambling practices.
There is now no such thing as 'market stability', 'buy and hold', implying some 'longer' time horizon, say even a few years (not long at all in my judgment),
and will not be stable, certainly, for the rest of my life time, or even say 25 years from now (even then, not that 'long' really).
In the larger scheme of things, the debt ceiling debate is really a small scale, temporary, red herring.
When you're printing money, anyway, to cover 'obligations'?
What does a 'debt ceiling' mean when,
you are also printing more money anyway?
Please.
(The Chinese, apparently, are now squealing, like stuck pigs, over both issues, which in more ways than one, over these issues, they are,
as they are owed, and also hold so much, which is getting worth less, daily.)
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