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Market Views Debt Deal Mostly Positive
Townhall.com ^ | August 2, 2011 | David Malpass

Posted on 08/02/2011 12:51:18 PM PDT by Kaslin

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To: Kaslin

That’s why Gold shot up over 30 points to $1658 after His Barackness pontificated again from his throne!


21 posted on 08/02/2011 1:12:18 PM PDT by Cincinna ( *** NOBAMA 2012 ***)
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To: Cincinna

What the hell. The market is down over 200 points, and this reflects a mostly positive view???


22 posted on 08/02/2011 1:14:41 PM PDT by mware (By all that you hold dear on this good earth, I bid you stand, Men of the Wes)
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To: Kaslin

Brilliant. Dow was in freefall to the close. Down over 260.


23 posted on 08/02/2011 1:17:35 PM PDT by PBRSTREETGANG
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To: Kaslin
The problem with this analysis is that is assumes the issue with the US economy centered around the debt ceiling. The US still has many structural issues-

* Corporate tax rate that is one of the highest in the World.. Yet effective rates are about in the middle. Which means of course that crony capitalism reigns and companies like GE pay zero tax and job creating small and middle size businesses pay the highest rate in the WORLD.

** Over burdened with government regulation. Massive government with bureaucrats that sit around with nothing better to do than to write new regulations.

*** Trillion dollar deficits for the foreseeable future.

**** Horrible energy policy. The cost of energy and transportation is driving cost up that traditional business models no longer work.

***** Health Care. Since ObamaCare puts heath insurance on private employers, businesses refuse to grow.

24 posted on 08/02/2011 1:20:48 PM PDT by 11th Commandment (http://www.thirty-thousand.org/)
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To: Kaslin
"Market Views Debt Deal Mostly Positive"

Yeah, pretty positive indeed. The dow is at -265 and gold is $1660 an ounce. The market seems elated!

25 posted on 08/02/2011 1:23:27 PM PDT by meyer (We will not sit down and shut up.)
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To: Kaslin

Congress got their vote.

Now the people who have to pay the bill get theirs. And they’re voting no.

Market edging toward free-fall range now, down 265, 2.19% as of this moment.


26 posted on 08/02/2011 1:23:58 PM PDT by filbert (More filbert at http://www.medary.com--GAME ON!!!)
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To: Kaslin
Really? Really?
27 posted on 08/02/2011 1:25:14 PM PDT by jersey117
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To: meyer

You have to remember the author wrote the article probable yesterday or two days ago. Had he written it this morning or noon, it would most likely be a different article


28 posted on 08/02/2011 1:31:25 PM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: DonaldC

I read the title and then went to see what the market was doing and yeah, it looks like they just love it, NOT, it is down 265 right now. The Asian and European markets were down too.


29 posted on 08/02/2011 2:00:06 PM PDT by tiki
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To: DarthVader
Yes but what goes on in government is a driver for the economy as there are inter dependencies between the two.

No doubt. The government is stifling business growth right now for sure and that is contributing to the very poor economic news over the last 3 weeks. The issue on the debt has not weighed on the markets because everyone always expected that to get done.

30 posted on 08/02/2011 2:17:04 PM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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31 posted on 08/02/2011 2:22:15 PM PDT by DeoVindiceSicSemperTyrannis (Want to make $$$? It's easy! Use FR as a platform to pimp your blog for hits!!!)
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To: Kaslin

Sounds like the SH*T Michael Medved and Hugh Hewitt have been spewing.

Center “Right” sucks. And everybody on Townhall.com SUCKS!


32 posted on 08/02/2011 3:01:10 PM PDT by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: Kaslin

Explain why the DOW has been down all week!


33 posted on 08/03/2011 7:39:42 AM PDT by upcountryhorseman (An old fashioned conservative)
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