November 21, 2011

Over The River And Through The Woods

Mr. Sunshine has a Thanksgiving message:

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.

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