And then this happened overnight…..S&P futures fell 50 points in a matter of moments as the “plan B” deal falls apart. Honestly, I don’t even have much to say about this. The political back and forth is tiresome. We don’t hire these people to bicker with one another. We hire them to get things done. And something needs to get done here. The whole political circus in the USA is getting old.
But one thing’s certain. Once a bunch of millionaire politicians see their bank accounts in a world of hurt because of their own ignorance, they seem to get their acts together. So let’s embrace the equity market vigilantes since they seem to be the only people in the world who can make US politicians wake up to their own incompetence….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.