August 4, 2011

Keeping score

As of this writing, it looks like the Dow Jones Industrial Average is down about 500 points, down over 10% over the last two weeks.  U.S. borrowing has exceeded 100% of GDP, European countries are in panic over sovereign debt.  That doesn't mean it's time to panic.  It's more keeping score.

What interests me though is whether things might have looked a little cheerier if Cut Cap and Balance had passed earlier this week.

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