The Debt Rises, The Economy Sinks

By: Daniel Horowitz (Diary)  |  August 4th at 11:04 AM  | 

Despite being dispirited by the one-sided nature of the debt ceiling deal, most of us were looking forward to reaping the rewards from its only ancillary benefit; the impending stock market rally.  Much to our chagrin, the Dow dropped precipitously, losing over 800 points since the opening bell on Monday.  After the initial euphoria from the debt ceiling hangover began to subside, people have been | Read More »