While the President plays Chicken Little, the Markets don’t seem to care about the debt ceiling deadlock

By: tooncesthecat (Diary)  |  July 26th at 12:49 PM  | 

Despite President Obama’s effort to roil the markets first on Friday and again Monday night, the world markets refuse to be stampeded into a sell-off even in the face of Secretary Geitner’s threat of an imminent default on the U. S. debt. The Asian markets were slightly down on Monday but within a normal days trading.  Shanghai Composite was down 3%, but primarily in reaction | Read More »