World markets in retreat after the "deal" passes house..

[golfguru]

http://www.bloomberg.com/markets/stocks/futures/

[Trajan]

1. Looking at that ; All I can say is, "BUY SWISS" !

[Skink]

2. Gold

Smirk

[Yavin4]

5. And Silver

Smirk smirk.

[dixiegrrrrl]

9. Why?

NEW YORK, Aug 3 (Reuters) - The Swiss franc fell from
record highs against the dollar and euro on Wednesday after the
Swiss National Bank unexpectedly cut interest rates, a
direction that should prove fleeting as global growth concerns
keep up demand for the safe-haven currency.

The SNB said the franc was massively over-valued, keeping
alive the prospect of intervention. That also
sharpened the focus on Japanese authorities who warned again
they were uncomfortable with the rising yen .

Early euphoria for the euro and dollar faded as U.S, growth
uncertainty and concerns about peripheral euro zone economies
prompted investors to pair bets against the safe-haven franc.

Pressure has grown on both the Swiss franc and yen as safe
havens as the U.S. economy, the world's largest, remains
fragile with many recent indicators showing it is running out
of steam.

http://www.reuters.com/article/2011/08/03/markets-forex-idUSN1E7720QT20110803

[Name removed]

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[madrchsod]

4. and china has 6+ inflation and slowing orders...

http://www.bloomberg.com/news/2011-08-02/china-s-stock-futures-drop-on-manufacturing-slowdown-inflation-concerns.html


i guess the world can see the usa did nothing but kick the can down the road.

[golfguru]

6. you got that right bhaisaab n/t

[Turbineguy]

7. The extortion campaign

of the teabaggers/republicans is affecting the economy.

[golfguru]

8. US markets are crashing today

Markets do not like this "deal". I have to believe the markets are saying federal debt ratings will be lowered by agencies.