Budget cuts are impending. Without a compromise soon, the bond rating for the US government will fall. The markets are taking a dim view of these dynamics... and justifiably so! The real question: what happens to stocks, the housing markets and consumer spending moving forward? Defense firms that have been riding high for a decade ... will be impacted the most. Stay tuned... but it doesn't look bullish.
Monday, April 18, 2011
It's the economy...
Budget cuts are impending. Without a compromise soon, the bond rating for the US government will fall. The markets are taking a dim view of these dynamics... and justifiably so! The real question: what happens to stocks, the housing markets and consumer spending moving forward? Defense firms that have been riding high for a decade ... will be impacted the most. Stay tuned... but it doesn't look bullish.
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