Thursday, November 17, 2011

The Super-committee is Super-deadlocked

It looks like the Super-committee is at an impasse, which is not much of a surprise.

from AP:

What's amazing is that people believed there may be some sort of a deal, given the experience in August. The Intrade probability for a resolution is around 20%.

This is bad news with respect to a potential for another downgrade of US treasuries. In August that caused a 7% drop in US equity markets.
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