FMCC and FNMA have been quietly moving up some, they still scare the crap out of me, like this is the last hurrah, before they get halted for good by some act of Congress.
I am glad that this shutdown is happening in October, such an easy month to take advantage of by the politicians and the stock market.
This guy Caruso makes sense, he is reasonable, and I think that's what everyone wants, people who can solve a problem, and not come out on TV and whine like Boehner does each day.
Meanwhile the day drags on, and there are probably a lot of people who are nibbling on positions, while others are wondering how much lower prices will go before we get a snap back.
If this goes on much longer, both sides will dig their heels in even more, and we could possibly shut down, and all that will prove to the rest of the world is that America can not be counted on to even resolve its fiscal problems.
Its not that will not be the reserve currency of the world, is that America will lose that trust, the kind that happens when somebody has an extra marital affair in a marriage. You might stay together but its never the same, there is always that element of doubt on everything going forward.
The elections of 2014 are not that far away, and the amount of BS that will be used by both sides will contribute to the uncertainty in the economy, and then the Republicans will own the economy.
Confidence in the economy is still fragile, and if this keeps up much longer it will just demonstrate to everyone that its better to be cautious in your spending ways.
This day is shaping up to be another bad day, so I hope the phones are ringing in Washington DC by the rich and wealthy, the ones who contribute to these politicians reminding them that it will be easy to replace you come next fall.
