Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat
Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat For Now – U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown – Markets shrug off both government shutdown and re-opening – Markets, government and media ignoring worsening US debt position – Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar – U.S. government national debt is $20.6 trillion and increasing rapidly – 'Bonds, like men, are in a bear market' – Bill Gross Editor: Mark O'Byrne Investors “irrational exuberance” continues after the largely unexpected U.S. government shutdown saw stocks continue on their [...]