Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

22 Days Later Little Evidence Of Rage In The NASDAQ, UST10, Gold, VIX Or CDS (Just Obama)
Confounded Interest ^ | 10/08/2013 | Anthony B. Sanders

Posted on 10/08/2013 3:14:35 PM PDT by whitedog57

In the movie “28 days later”, the rage virus virtually destroys the UK.

28-days-later-empty-street-small

But 22 days after Congress returned from its summer recess, we are stuck in a budget and debt ceiling battle royale. And we have people behaving liked crazed zombies from “28 Days Later.”

President Obama today defiantly said that he would not negotiate until the Republicans surrender unconditionally. Then he will talk. House Speaker Boehner still believes Obama will negotiate.

Congress has had 22 days to work of the budget and debt ceiling. But I don’t see the rage in financial markets that I would have expected.

Once the past 22 days, the NASDAQ index has risen and fallen to back where it started.

nasdaq22

The US Treasury 10 year yield is about 30 basis points lower than 22 days ago, but has been calm since September 25th.

ust1022

The VIX started at 16 and is up to 20.34, low by historic standards.

vix22

The US CDS has over doubled in the last 22 days from 18.50 to 41.81. But compared to Greece and related PIGS, this is nothing.

cds221gif

And one month Treasury bill rates have risen from almost 0 to 0.3347 over the past 22 days.

onemonthbills

Gold has actually declined over the last 22 days.

gold22

The only rage I have seen is President Obama at today’s press conference. “No American president would deal with a foreign leader like this,” he said, according to Bloomberg News. That is correct. He only treats Republicans like this.

obama a


TOPICS: Business/Economy; Government; Politics
KEYWORDS: boehner; budget; obama; rage
Obama has the Marxist Rage virus!!!!
1 posted on 10/08/2013 3:14:35 PM PDT by whitedog57
[ Post Reply | Private Reply | View Replies]

To: whitedog57

Well, see, that’s the best thing to do. Make the so-called shutdown permanent.


2 posted on 10/08/2013 4:55:50 PM PDT by familyop
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson