What's happening in Washington is a demonstration of what happens when a political system lets a stick fall into the hands of its Flogging Tories. Of course, so far the Tea Party's lackies are handling the stick like blindfolded children swinging at a pinata, but in absence of adult supervision from the House Leadership, they are all too likely to bring down the full faith and credit chandelier and smash the punchbowl, draining it of whatever's left of QE/monetary policy stimulus.
Friday: Retail Sales, Industrial Production
6 hours ago
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