As We Spend More, And

It Is Hard To Imagine That, Having Downgraded The Us, S & P Will Not Follow Suit On At Least One Of The Other Members Of The Dwindling Club Of Sovereign Aaas. If This Were To Materialise And Involve A Country Like France, For Example, It Could Complicate The Already Fragile Efforts By Europe To Rescue Countries In Its Periphery.

Investors Have To Ask Themselves Two Questions. How Much Can We Grow Our Investments? And, Can We Afford Our Mistakes?

The One Instrument That Has Relative Political Autonomy Is Monetary Policy. Central Banks Do Not Need To Go To Congress To Get Approval For An Interest Rate Hike.

[when] The Market Is Trying To Get To Terms With, First, Lower Global Growth, Particularly Out Of Emerging Markets And China. And, Second, The Market Is Worried The Central Banks Have Run Out Of Ammunition. So Put These Two Things Together, And Then Investors Are Repricing The Market Lower.

Today's Reports Confirm That, Unfortunately, Post-crisis America Is Still Not Back To Its Good Economic Self.