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OCT 08, 2013 - Zero Hedge

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At Least Now It's Obvious Who's In Charge

Submitted by Simon Black of Sovereign Man blog, It’s clear to everyone by now that the government of the largest country in the world is careening towards default in just over 200 hours. Yet curiously, even though the US government’s completely ridiculous, untenable fiscal situation is a front page embarrassment for the entire world to see, markets have barely budged. A few very short-term rates have shot up, but for the most part, stocks are very close to where they were before the shutdown. The US 10-year yield has actually dropped over the last month, from 2.95% in ... Read More

Tags: At Least Now It's Obvious Who's In Charge,  Commodities Latest News