OTCPK:TOUBF - Post by User
Post by
markvrdon Jul 14, 2011 2:29pm
236 Views
Post# 18832091
Political posturing needs to end for progress
Political posturing needs to end for progressI guess today, a big factor is that the Republicans and Democrats are playing standoff games over the US debt limit.
This is probably a big factor in why the markets are so tentative and the is so much fear everywhere. TRE is missing any big $$ US speculation today and really all week.
Since it's rapidly becoming politically dangerous to keep things going since the Republicans won't have much fun next election if the standoff goes long enough to cause a credit downgrade.
Hopefully they reach some kind of conclusion over there today or soon. I think this will do a lot of good for the markets when the standoff is done. While the US debt problems are very critical, they aren't going to get fixed by politicians engaging in p1ssing matches.