on money (in the abstract)

[David Morris]

On Tue, Nov 22, 2011 at 9:42 AM, Joseph Tracy <brook7 at sover.net> wrote:
> Folks of all stripes and accents desperately seek to move their money to some safe harbor - but where is this cozy mooring? To the US for the moment perhaps; but what happens Monday morning when the markets react to the weekend news that the US Senate super-committee has been utterly unable to agree on decisive action that would forestall the scheduled massive automatic budget cuts built into this red-white-and-blue doomsday machine - not to mention the ratings agencies threats to knock UST-paper down another notch upon such failure. Oy yoy yoy!

This is just plain silly.  Anyone who's been paying attention knew
that the Catfood Commission was heading to deadlock, and if you're at
all progressive you'll view this outcome as a good thing.  Doing
Nothing was the best thing to happen.

Just listen to Uncle Ernie:

http://www.dailykos.com/story/2011/11/21/1038837/-Bernie-Sanders-explains-why-no-Super-Congress-deal-was-the-best-deal?via=blog_1