Debt deal fails to impress world markets
What should impress us when they are going to do exactly the same thing in 3 months again (with or without the play does not matter). Endlessly rising the debt ceiling, endlessly continuing the QE, endlessly printing ... sooner or later it will burst
Obama mentioned the other day they had paid off around a quarter of the deficit
and as much as i often like Obama, at least for his no war stance and trying to help the poor
it seems he and many other Governments are lying about how much of these deficits are really being paid off
the US would have no need to raise the debt ceiling if a quarter had been paid off
so its either cut back on the Military and no more wars for at least 10 yrs
(which is unlikely)
or more taxes and massive cuts, otherwise the sums just don't add up
Clinton left the US with a 7 trillion surplus and Bush an 8 trillion deficit
(although Clinton may of sold all the Gold in Fort Knox and replaced it with Tungsten bars - allegedly)
and the Media are trying to make out if they default we are all at risk,
but if the Markets fall and house prices get cheaper, does anyone really care except the politicians and the media
and we can all buy the bottom of the markets again - what a nightmare 
can things really get worse than the last 5yrs?
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World markets gave the U.S. debt deal a tepid reception Thursday, even as lawmakers opened the government for business and removed the threat of a costly default.
Stocks were mixed in Asia, with Japan's Nikkei posting a 0.8% gain and the Australia ASX All Ordinaries ending 0.3% higher.
Hong Kong's Hang Seng and the Shanghai Composite were both trading in negative territory. They were joined by major markets in London, Frankfurt and Paris, which all started the day in the red.
Even in the U.S., stock futures were little changed after a strong performance on Wednesday.
The Senate passed the last-minute legislation by a wide margin Wednesday evening, and the House followed suit. President Obama signed the bill into law in the early hours of Thursday.
Senate Majority Leader Harry Reid said Wednesday that the Senate agreement will reopen the government and fund it until January 15. It will also raise the debt limit until February 7, saving the country from defaulting on its bills.
The bill also sets up budget negotiations between the House and Senate for a long-term spending plan.
Stocks rallied in the U.S. on Wednesday as the debt deal took shape. The Dow Jones Industrial Average jumped more than 200 points, or 1.3%, while the S&P 500 and Nasdaq both gained more than 1%.
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