Market consensus seems to have crystallized around the fact that Debt Ceiling Debate 2013 has much less potential to harm markets compared to its 2012 or 2011 versions. Cardiff Garcia at FT Alphaville summarized well …
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As we head into the end of the year, volatility is down, the market is up, volume is light. There’s not a ton we can deduce from this type of light volume year end action, …
Continue readingWSJ BERLIN (Dow Jones)–German Chancellor Angela Merkel’s center-right coalition faces a tough political test on Thursday when the parliament votes on expansion and reform of the euro-zone’s bailout fund, the European Financial Stability Facility. Parliamentary …
Continue readingSo the debt ceiling crisis has been averted. Now it’s time to look ahead at both where we are in the market and where we are in the economy. First, let’s look at what finally …
Continue readingWaPo House and Senate leaders were preparing separate backup plans Sunday to raise the federal debt limit after another day of intense negotiations failed to break a partisan impasse that threatens to throw the government …
Continue readingHere’s a quick update on the progress, or lack thereof, on the debt ceiling vote. Washington Monthly A few weeks ago, White House officials told congressional leaders that waiting to the last minute, or even …
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