cheapbag214s
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 Posted: Wed 12:44, 31 Jul 2013 Post subject: Steven Carl |
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on the entire sordid mess, Wall Street reacted with disdain, as the Dow Jones Industrial Average fell more than 1 percent,[link widoczny dla zalogowanych], or 200 points, extending an eight-day decline that should serve as an indication that not everyone believes the hype."I'm not so sure that the debt deal is well received or if it's what everyone wanted," Steven Carl, head equity trader at Williams Capital Group, told CNBC. "[Traders have] more of a macro view to see if anything happens overseas."The measure also calls for something like $2.5 trillion in spending cuts over the next 10 years,[link widoczny dla zalogowanych], but when you realize that Uncle Sam will still borrow five times more over the same period. What we're left with is a smoke-and-mirrors sideshow that only expands, rather than shrinks,[link widoczny dla zalogowanych], the nation's bottom line. And wasn't this entire debate,[link widoczny dla zalogowanych], in part,[link widoczny dla zalogowanych], about cutting the debt?It's bad enough that the U.S. dollar borders on worthless as it is. But what's worse - money that is valueless or having a government that is incurring real debt without
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