‘s education
There could be a short-term hiccup in markets when it becomes apparent there is no bi-partisan deal but its likely to be muted. The $1.2 trillion on compulsory cuts they agreed to last summer will kick in until they agree to abrogate that. That’s when the market will swoon. Right now a compulsory deal seems far superior to a negotiated deal. At least it starts whacking down the monstrous defense department budget without inflicting real suffering on people’s medicare and Medicaid programs just yet. Even Conservative blowhard CNBC columnist, Larry Kudlow, (who I know from my Bear Stearns happy days. … Read more