The stage is set for an eventful four days ahead. We attempt to prepare for the expected volatility but you're going to hear a lot of "we'll just have to wait and see" and "no one knows for sure" in this podcast.
But there were a few things to discuss today, most notable the latest U.S. monthly budget deficit. I'm old enough to remember when $250B was the ANNUAL deficit and it was alleged to be a crisis of fiscal irresponsibility. Now it's $250B in a MONTH and no one cares. Be sure to note, too, that tax receipts are down 10% YoY, which is a sure sign of a faltering economy....
