by Bob Walsh
The
Dow Jones Industrial Averages closed well above 32,000 for the first
time yesterday, and this morning is moving well ahead. The market does
not seem to care that borrowing $1.9 trillion to blow on pointless shit
will have down-stream repercussions, because it has never mattered
before.
At some point it
will matter. I am not sure where that point will be, but it will
happen. Unfortunately NEITHER main political party seems to have any
trouble with the government spending more money than it takes in. That
used to matter to the voters. It doesn't any more. I guess the voters
realize that their bribe money comes from somewhere.
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