Coiling for a move, pretty much as expected.
Watch out for the debt ceiling battle. It could be a wild ride.
"Create for me a pure heart, Lord, and renew a steadfast spirit in me. Do not cast me from your presence or turn the Holy Spirit from me. Restore the joy of your salvation and grant a willing spirit to sustain me. Then I will help others to find your ways, so that your people may return back to you... You do not desire grand gestures or burnt offerings. The sacrifice of the Lord is a broken spirit; it is a broken and contrite heart that you, my God, will not refuse." Psalm 51:10-17
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.
Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflection on general macro financial and economic events and trends.