Coiling for a move, pretty much as expected.
Watch out for the debt ceiling battle. It could be a wild ride.
"Poverty is not caused by men and women getting married; it's not caused by machinery; it's not caused by 'over-production;' it's not caused by drink or laziness; and it's not caused by 'over-population.' It's caused by Private Monopoly. That is the present system. They have monopolized everything that it is possible to monopolize; they have got the whole earth, the minerals in the earth and the streams that water the earth." Robert Tressell, The Ragged Trousered Philanthropists
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.