Brian’s FInancial Musings

This week the blockbuster event of the year .  It all ends it says.  Who will triumph?  Good versus evil.  May the best magic win.  Love, hate and what the future holds.  You think I’m talking about ‘Harry Potter and the Deathly Hallows pt 2′?  No, no, no I’m talking about whether Congress will raise the US debt ceiling or not.

Who cares about a stupid movie? (Actually we saw it Tuesday night and I thought it was the best of the series; my wife disagreed).   This is much more important – real life.  (or is it?).  We have as many magic tricks and villians and heroes (and dupes) here as anywhere else.

August 2 has as much disasterous implications as June 30 did – when Quanitiative Easing 2 stopped.  Remember when the stock market dropped 500 points and the dollar became worthless and inflation doubled because the US stopped buying it’s  Treasury debt.  Oh wait, that’s right, nothing really happened, did it?  Oh well, that couldn’t happen again, could it?  I don’t know, but I’m sure a deal will be struck at the last hour to avert disaster, just like in the movies (or it won’t.)   Exciting, isn’t it?

I guess we will just have to wait for the next episode (if there is one.)  Maybe we should just read the book first and pass on the whole thing.

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